RWE and Masdar seal €3bn offshore wind pact as North Sea project closes

Two significant offshore wind developments landed. RWE and Masdar formalised a €3bn offshore wind partnership during a state visit, according to Recharge News. The deal size places it among the larger bilateral offshore wind commitments announced this year.

Separately, a major North Sea offshore wind project reached financial close, also reported by Recharge News. No capacity figure or project name was disclosed in the available reporting. Financial close on a North Sea project typically unlocks construction financing and sets a firm timeline for turbine installation.

Taken together, the two announcements reflect continued appetite for large-scale offshore wind capital deployment in European waters.