Vattenfall to divest Norfolk Offshore Wind Zone to RWE
Vattenfall has signed an agreement with RWE to divest the Norfolk Offshore Wind Zone. The agreed purchase price corresponds to an enterprise value of £963 million. The deal ensures the continued development of the projects and fossil-free electricity for millions of British homes.The Norfolk Zone consists of three fully consented wind farms – Norfolk Boreas, Norfolk Vanguard West and Norfolk Vanguard East – and is located off the east coast of England. It is one of the largest offshore wind developments in the world, with a total capacity of 4.2 GW, equal to the electricity consumption of 4