KKR Announces Strategic Partnership With RWE to Realise UK Offshore Windfarms
KKR & Co. Inc. (KKR)
Last kkr & co. inc. earnings: 1/31 06:50 am
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Source: Business Wire
Project to deliver c.3GW of new UK offshore wind capacity and support national decarbonisation goals LONDON & ESSEN, Germany--(BUSINESS WIRE)--KKR, a leading global investment firm, and RWE, one of the global leading renewable energy companies, today announced a strategic partnership to jointly realise RWE’s UK Norfolk Vanguard East and Norfolk Vanguard West offshore wind projects. The two new wind farms will have a combined generation capacity of approximately 3GW.KKR and RWE will establish a 50:50 joint venture to build and operate the two windfarms, which require over $15bn of total development and capital expenditure to make the windfarms operational by 2029 and 2030 respectively. Together, the offshore wind projects are expected to be able to power over 3 million UK homes with clean energy, further contributing to the UK government’s goal of doubling offshore wind capacity over the next 10 years.A leading supplier of renewables with a 125-year history in electricity production
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