Masdar has completed its acquisition of a 49 percent shareholding in the 3 GW Dogger Bank South project. The planned £11 billion joint investment with RWE is expected to provide a boost to the UK economy. It builds on the £10 billion UAE-UK Sovereign Investment Partnership to invest in technology, infrastructure and the energy transition. As joint shareholder, Masdar will collaborate with RWE to develop and operate the project
Furthermore, the project is located over 100 kilometres off the northeastern coast of England, the DBS offshore wind farm will be split across two sites, DBS East and DBS West, each with a capacity of 1.5 GW and spanning 500 square kilometres. Project will power three million homes and create thousands of jobs during construction and operational phases.
In February 2024, DEWA and Masdar reached financial closing on the 1,800 MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The solar park’s capacity will exceed 5,000 MW by 2030, with investments totalling approximately $13.61 billion.
