Energy Masdar and Germany’s RWE eye global offshore wind projects By Pramod Kumar September 27, 2022, 6:24 AM London Array Masdar and RWE are shareholders in the London Array project, which has been operational since 2012. Abu Dhabi Future Energy Company (Masdar) and Germany’s RWE Renewables have signed a memorandum of understanding to explore collaboration on offshore wind projects in several key markets, according to WAM, the UAE state-owned news agency. Masdar and RWE are shareholders in the London Array project, which has been operational since 2012. The wind farm has an operating capacity of 630 MW, powering over half a million homes, while displacing almost 1 million tonnes of carbon dioxide emissions annually. Masdar is increasingly targeting offshore wind projects to reach 100 GW total capacity by 2030. The Abu Dhabi-based utility’s existing offshore projects are Dudgeon Offshore Wind Farm, UK, and Hywind Scotland, the world’s first floating offshore wind farm, which became operational in October 2017. With an extensive investment and growth programme of €50 billion ($48.18 billion), RWE will expand its green portfolio to 50 GW by 2030, including offshore and onshore wind, solar and battery storage. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
