RWE and KKR have reached financial close on the Vanguard West and Vanguard East offshore wind projects in the North Sea off Norfolk, East Anglia, United Kingdom (RWE press release, 11/11/2026). The projects represent a total investment of about GBP12bn (EUR14bn), including the construction of wind facilities and the associated transmission infrastructure.
Each project has a capacity of 1.4 GW and lies 50–80 km off the coast. Onshore cable works and substation construction are well advanced. Offshore construction is set to begin in early 2027, and the first foundation installation at Vanguard West is planned for the first half of 2027, followed by Vanguard East. Full commissioning of both projects is expected in 2030. When operational, they are expected to supply about 3 million British homes. Both projects hold 20-year Contracts for Difference (CfDs), awarded in UK Allocation Round 7.
KKR has acquired a 50% equity stake in each project, forming a 50:50 joint venture with RWE. The deal was first announced in January 2026. The partners will jointly develop, build and operate both projects, with RWE leading project delivery.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.