Renewable Energy Projects: What's the Latest Milestone in RWE's €20bn Offshore Wind Vision?

updated on 31 May 2024
2024-05-27-investment-decision-rwe-to-build-wind-farms-with-capacity-of-16-gw-jxl3s

RWE has secured the final investment decision for its 1.6 GW Nordseecluster offshore wind projects in the German North Sea, advancing its €20bn investment strategy.

📈 Project Highlights:

– Two-phase implementation

– Construction starts in 2027, operational by 2029

– Power supplied to Germany’s industrial customers

⚡ €20bn Offshore Wind Investment:

– Part of RWE’s €55bn investment strategy for 2024-2030

– Aim to boost offshore wind capacity from 3.3 GW to 10 GW by 2030

🏦 Key Contracts:

– Vestas: Turbines (V236-15.0 MW)

– Atlantique Offshore Energy: Transformer substations

– Hellenic Cables: Cable manufacturing

– Dajin Offshore: Foundation manufacturing

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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