RWE and KKR Complete 12 billion pound UK Offshore Wind Project Joint Venture
KKR KKR & Co Inc
$100.85 +2.81%
View chart & analysis → - 1RWE and KKR have completed a 50:50 joint venture to develop the Vanguard West and Vanguard East offshore wind farms with a generation capacity of approximately 2.8 gigawatts (GW).
- 2The 12 billion pound investment from RWE and KKR includes the construction of wind farms and related power grid infrastructure.
- 3The wind farms are expected to produce enough power to supply 3 million UK households.
So what's the key point?
RWE and KKR have committed to building massive wind farms in the UK sea. They are investing 12 billion pounds to create facilities that will supply electricity to 3 million households.
Source The Wall Street Journal +2 · View original ↗
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