RWE and KKR to develop 2.8 GW of offshore wind in the UK with £12 billion

FinanceInternationalInspenetNov 13, 2026, 9:46 AMAI summary

RWE and KKR will jointly develop the Vanguard West and Vanguard East offshore wind farms in the UK North Sea, with 1.4 GW each and an estimated investment of £12 billion. The projects reached financial close with a consortium of 35 international banks, a £1 billion commitment from the National Wealth Fund and cover from Euler Hermes and EIFO. Offshore construction would begin in early 2027 and full commissioning is expected in 2030.

In 40 seconds

Vanguard West and Vanguard East will add 2.8 GW, with 1.4 GW per installation, between 50 and 80 km off the Norfolk coast.
The non-recourse financing includes £11.1 billion in cash facilities and £1.7 billion in complementary facilities, with 35 international banks.
The UK National Wealth Fund contributes £1 billion and Euler Hermes and EIFO provide credit cover.

Read the full story at Inspenet

IASummary generated by artificial intelligence from a story by Inspenet. It may contain errors: the original source prevails.

eólica marina
RWE
KKR
Reino Unido
financiación de proyectos

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RWE and KKR to develop 2.8 GW of offshore wind in the UK with £12 billion

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