RWE and Masdar
RWE is leading the development of the DBS projects on behalf of the joint venture partners RWE (51%) and Masdar (49%) and, subject to securing a route to market and a financial investment decision, will also lead construction and operation on behalf of the project partners.
RWE entered into Agreements for Lease for the two DBS projects with The Crown Estate in January 2023. In December 2023, Masdar announced it had acquired a 49 percent stake in the DBS offshore wind projects. The shareholding agreement between the companies was finalised in February 2024.
RWE (51% project share)
For over 125 years, RWE has been reliably supplying electricity. Our team of around 20,000 people is shaping the energy world of tomorrow. Today, RWE is one of the world's leading renewable energy companies.
With our growth strategy we are setting the pace and investing billions of euros every year – above all in the expansion of offshore and onshore wind, solar energy and battery storage. Our diverse portfolio is perfectly complemented by our global energy trading business. With our mix of renewable and flexible generation, as well as a broad pipeline of new-build projects across all technologies and core markets, we are well positioned to meet the growing global energy demand, especially as electrification and artificial intelligence gain momentum.
At the same time, we are contributing to the decarbonisation of the energy system. The reduction of our carbon emissions is in line with the 1.5°C climate goal of the Paris Agreement, and we are phasing out coal responsibly by 2030. By 2040, RWE aims to achieve net-zero, fully embracing our purpose ‘Our energy for a sustainable life’.
Masdar (49% project share)
Established in 2006, Masdar (Abu Dhabi Future Energy Company) is leading the global energy transformation by investing in, developing and operating renewable energy projects that deliver commercial returns while providing reliable, affordable clean power worldwide.
With over 20 years’ experience in renewables, Masdar has a diverse, derisked portfolio totaling over 65 gigawatts (GW) across six continents, including the world’s fastest growing energy markets.
Jointly owned by TAQA, ADNOC and Mubadala, Masdar is driving the scale-up of renewables worldwide, targeting a portfolio capacity of 100GW by 2030.
Other pages you might be interested in
Current status
What’s happening now and next
The story so far...
Catch up on the projects’ journey so far
Keep in touch
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