Norfolk Vanguard East & West Offshore Wind

Overview

Location

Southern North Sea, off Norfolk, England

Revenue / Payment Model

Contract for Difference (CfD), Allocation Round 7 (Jan 2026 award) — largest single AR7 award.

Scale / Scope

3.1 GW combined capacity (Vanguard East + West). RWE (developer) and KKR agreed a 50/50 partnership on each project following the AR7 award; KKR's acquisition of 50% into each RWE-developed asset is subject to customary regulatory approvals, closing expected summer 2026 — record created at Development/Planning status; to be revisited once the KKR transaction closes.

Project Developments

• Market · 14 January 2026RWE and KKR agree 50/50 partnership on Norfolk Vanguard East & West following AR7 award

  RWE and KKR agreed a 50/50 partnership on the Norfolk Vanguard East and West offshore wind projects (3.1GW combined) following their Allocation Round 7 CfD award — the largest single AR7 award. KKR's 50% acquisition into each RWE-developed asset is subject to customary regulatory approvals, closing expected summer 2026.

Participants & Roles