RWE and KKR progress £12bn UK offshore wind investment

German energy group RWE and investment firm KKR have established a joint venture to develop the Vanguard West and Vanguard East offshore wind projects in the UK. The developments represent an investment of approximately £12bn and will deliver around 2.8GW of electricity generating capacity, enough to power approximately three million homes. Construction offshore is expected to begin in 2027. HPC could introduce marine engineering contractors, turbine suppliers, electrical infrastructure companies, specialist equipment manufacturers and institutional investors interested in the supply chain.

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