RWE acquires majority stake in Rampion wind farm

Offshore Wind over Sea
The proposed offshore wind project could generate up to 1,300 megawatts of renewable energy and power nearly 600,000 homes. (Courtesy: Mary Ray/Unsplash)

RWE has taken over a further 20% stake from E.ON in the British offshore wind farm Rampion.

RWE now holds a majority stake (50.1%) in the 400MW wind farm, which is already being operated by RWE Renewables.

As part of its transaction with E.ON, a 30.1% stake was transferred to RWE in 2019. The closing of the transaction is expected to take place in the first half of 2021.

Rampion is located in the English Channel, 13 kilometers off the coast of Sussex. The project was fully commissioned in April 2018. The remaining 49.9% stake in Rampion is held by a Macquarie-led consortium (25%) and the Canadian energy company Enbridge (24.9%).

The UK is seen to provide the potential for renewables growth and will play an important role in RWE’s strategy to grow its renewables business. The company is currently constructing the offshore wind farm Triton Knoll which is expected to be fully commissioned in early 2022.

This article was originally posted on Power Engineering International and was republished with permission.

Previous articleVoices of 100%: Hanover residents raise hands for renewable energy
Next articleIllinois legislation could free towns from dirty power but not the payments
Renewable Energy World's content team members help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S., the UK, and South Africa, the team is comprised of editors from Clarion Energy's myriad of publications that cover the global energy industry.

No posts to display