BR100 Decreased By (-0.36%)
BR30 Decreased By (-0.66%)
KSE100 Decreased By (-0.22%)
KSE30 Decreased By (-0.17%)
AGHA 6.61 Decreased By ▼ -0.06 (-0.9%)
BECO 4.36 Increased By ▲ 0.01 (0.23%)
BML 55.55 Decreased By ▼ -0.62 (-1.1%)
BOP 29.93 Decreased By ▼ -0.19 (-0.63%)
CNERGY 12.63 Decreased By ▼ -0.35 (-2.7%)
CSIL 5.23 Decreased By ▼ -0.08 (-1.51%)
FCCL 51.45 Decreased By ▼ -0.20 (-0.39%)
FFL 14.40 Decreased By ▼ -0.09 (-0.62%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 5.99 Decreased By ▼ -0.07 (-1.16%)
KOSM 5.41 Decreased By ▼ -0.43 (-7.36%)
LOTCHEM 26.03 Decreased By ▼ -0.14 (-0.53%)
MLCF 90.70 Decreased By ▼ -0.53 (-0.58%)
NBP 161.97 Decreased By ▼ -2.22 (-1.35%)
NCPL 52.41 Decreased By ▼ -0.77 (-1.45%)
NPL 57.60 Decreased By ▼ -1.52 (-2.57%)
OGDC 314.90 Increased By ▲ 1.51 (0.48%)
PACE 9.60 Decreased By ▼ -0.17 (-1.74%)
PAEL 34.83 Decreased By ▼ -0.41 (-1.16%)
PIBTL 14.28 Decreased By ▼ -0.43 (-2.92%)
PPL 219.94 Decreased By ▼ -1.42 (-0.64%)
PRL 89.30 Decreased By ▼ -1.92 (-2.1%)
PTC 59.30 Increased By ▲ 0.11 (0.19%)
SSGC 23.24 Decreased By ▼ -0.06 (-0.26%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.41 Decreased By ▼ -0.20 (-2.63%)
TPL 21.05 Decreased By ▼ -0.98 (-4.45%)
TPLP 12.15 Decreased By ▼ -0.41 (-3.26%)
TREET 21.50 Decreased By ▼ -0.23 (-1.06%)
TRG 55.20 Decreased By ▼ -0.59 (-1.06%)
Business & Finance

RWE to invest $4.1 billion in flagship UK offshore wind park

  • The 1.4 gigawatt project, to be located 195 kilometres from Britain's North East coast, represents RWE's largest offshore farm and is expected to be completed by the fourth quarter of 2026.
  • Successfully developing a project of this size once again demonstrates our expertise and positive track-record for delivering cost effective, innovative offshore wind energy around the globe.
Published Updated
By

FRANKFURT: RWE, Europe's third-largest renewables group, has taken an investment decision on its 3 billion pound ($4.1 billion) Sofia offshore wind farm project, it said on Wednesday.

The 1.4 gigawatt project, to be located 195 kilometres from Britain's North East coast, represents RWE's largest offshore farm and is expected to be completed by the fourth quarter of 2026.

"Successfully developing a project of this size once again demonstrates our expertise and positive track-record for delivering cost effective, innovative offshore wind energy around the globe," said Sven Utermoehlen, Chief Operating Officer Wind Offshore Global, RWE Renewables.

Siemens Gamesa, the world's largest maker of offshore wind turbines, will supply 100 of its 14 megawatt turbines for the project, RWE said.

Comments

Comments are closed for this article.