RWE acquires Norfolk wind farm for 4,2 GW. Commitment reinforces the company's offshore wind capacity and free electricity.
Vattenfall has reaffirmed its commitment to the offshore wind sector after signing an agreement with RWE to transfer the 4.200 MW Norfolk offshore wind zone. The enterprise value of the transaction was £963 million and will ensure the continued supply of clean electricity to millions of British homes, Vattenfall said. According to the company, the divestment will allow it to increase its investments in fossil fuel-free projects that better align with its global portfolio and its future.
Vattenfall emphasized that it remains committed to the UK, with 1,1 GW of offshore and onshore wind capacity installed, as well as partnerships to develop projects such as the 798 MW Muir Mhor floating offshore wind farm under development with JV Fred Olsen Seawind. Furthermore, the company highlighted its role as an operator of independent distribution networks in the country. ‘Both the commitment to the UK and the offshore market remain attractive in the long term,’ said Vattenfall AB chief executive Anna Borg.
Vattenfall: Commitment to the UK offshore energy market
Vattenfall, as a significant participant in the UK offshore energy market, reaffirms its commitment to the continued development of this industry. A company is committed to investing in future da offshore wind capacity in the UK, and is committed to providing fossil fuel-free electricity to ensure energy security the country.
Since purchase price From the first license to develop offshore wind projects in the UK, Vattenfall has been at the forefront of this sector. Its ability to invest in innovative technologies and its position as a market-leading offshore developer make the company a fundamental player in the country's energy landscape.
Furthermore, Vattenfall is committed to the development of sustainable heat networks and the continued journey towards offshore investments more ecological and efficient. This includes establishing strategic partnerships with other companies in the sector, with the aim of boosting the UK offshore energy market.
The company has consistently demonstrated its ability to innovate and adapt to market demands, ensuring that the energy solutions it offers are sustainable and viable in the long term. With an unwavering commitment to the transition to a low-carbon economy, Vattenfall is actively shaping the future of the UK offshore energy sector.
Source: © Re News.Biz
