XTRA:RWERenewable Energy
RWE (XTRA:RWE) Is Up 5.9% After Tapping KKR To Co-Fund Massive UK Offshore Wind Build-Out
In recent days, KKR and RWE announced a 50:50 partnership to develop and operate the Norfolk Vanguard East and West UK offshore wind farms, a roughly 3GW complex off East Anglia that is expected to cost more than US$15.00 billion and start operating around 2029–2030 under UK Contracts for Difference.
This agreement, alongside RWE securing 6.90 GW of UK offshore wind CfDs, highlights how the company is using co-investment to scale capital-intensive renewables while sharing risk and funding...