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Should KKR’s (KKR) 3GW UK Offshore Wind Bet with RWE Reshape Its Alternative-Assets Narrative?
In January 2026, RWE announced a 50:50 partnership with KKR to develop and operate the Norfolk Vanguard East and West UK offshore wind farms, a roughly 3GW project requiring more than US$15.00 billion in total development and capital expenditure and targeted to supply clean power to over 3 million homes once operational around 2029–2030.
This move deepens KKR’s involvement in large-scale renewable infrastructure, linking its capital to the UK’s push to expand offshore wind capacity as a core...