Masdar Completes the Acquisition of its Share of the Dogger Bank South Offshore Wind Farm

Abu Dhabi-based Masdar has completed its acquisition of a 49 per cent shareholding in the 3 GW Dogger Bank South (DBS) offshore wind project in the UK. RWE will lead the project’s development, construction, and operation with a 51 per cent stake over the entire term. Masdar and RWE signed an agreement to join forces on the DBS projects at COP28 in the UAE last December. With the closing of the transaction, Masdar is now a shareholder in both projects, while RWE retains a 51 per cent stake.

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