RWE Now Holds Majority Stake in Rampion Offshore Wind Farm

Wind Industry Profile of

RWE’s share in the 400 megawatts wind farm off the coast of Sussex increases to 50.1% / Acquisition takes place as part of the full implementation of the transaction between RWE and E.ON

RWE has taken over a further 20% stake from E.ON in the British offshore wind farm Rampion. Consequently, RWE now holds a majority stake (50.1%) in the 400 megawatts wind farm, which is already being operated by RWE Renewables. As part of its transaction with E.ON, a 30.1% stake was transferred to RWE in 2019. The closing of the transaction is expected to take place in the first half of 2021. Confidentiality has been agreed on the purchase price. Rampion is located 13 kilometres off the coast of Sussex in the English Channel. The project was fully commissioned in April 2018. The... ... More: Official Press Release RWE

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RWE, E.ON, offshore, wind farm, UK, coast, Sussex, Rampion, sale, acquisition, share, Enbridge, Macquarie, renewable energy