The Anonymous Widower

RWE Partners With Masdar For 3 GW Dogger Bank South Offshore Wind Projects

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

RWE has signed an agreement with UAE’s Masdar as a partner for its 3 GW Dogger Bank South (DBS) offshore wind projects in the UK.

These three paragraphs outline the deal.

The partners acknowledged the signing of the new partnership during a ceremony at COP28 in Dubai.

Masdar will acquire a 49 per cent stake in the landmark renewables projects while RWE, with a 51 per cent share, will remain in charge of development, construction, and operation throughout the life cycle of the projects.

RWE’s proposed DBS offshore wind project is made up of two offshore wind farms, Dogger Bank South East and Dogger Bank South West (DBS East and DBS West), each 1.5 GW, which are located over 100 kilometres offshore in the shallow area of the North Sea known as Dogger Bank.

Note.

1. Masdar is an energy company headquartered in Abu Dubai.
2. The Chairman of Masdar is President of COP28.

Does this deal indicate that wind farms are good investments for those individuals, companies and organisations with money?

December 4, 2023 - Posted by AnonW | Energy, Finance | Abu Dhabi, COP28, Dogger Bank South Wind Farm, Masdar, Offshore Wind Power, RWE, Wind Power