Masdar, Abu Dhabi energy company, and RWE, a leader in renewable energy, have been awarded Contracts for Difference (CfDs) for the Dogger Bank South (DBS) offshore wind farms.

The CfDs were awarded at a strike price of £91.20/MWh ($122.45).

DBS comprises two 1.5GW projects, DBS East and DBS West, together forming one of the UK’s largest offshore wind projects currently under development.

Representing an £11 billion investment, the projects would strengthen UK energy security, accelerate power sector decarbonisation, and support regional supply chains and skilled jobs across coastal communities.

Masdar and RWE will continue to work with stakeholders to progress the projects’ development and ultimate delivery. Commissioning of the projects is anticipated in 2031 (DBS West) and 2032 (DBS East).

Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said: “Securing Contracts for Difference for the DBS offshore wind farms reinforces Masdar’s long-term commitment to the United Kingdom and our growing role in the delivery of large-scale offshore wind capacity. These projects would contribute meaningfully to the resilience and decarbonisation of the UK energy system, while providing skilled jobs, supporting regional supply chains and offering sustained economic benefit. We look forward to working closely with the government, our partners and local stakeholders as the projects move into the next phase of development.”

Markus Krebber, CEO of RWE, said: “We are proud to have secured Contracts for Difference for the Dogger Bank South offshore wind projects together with our partner Masdar. This is an important milestone in the development of the Dogger Bank South projects and brings us significantly closer to their ultimate delivery. It demonstrates our long-term commitment to providing clean and affordable energy for the UK, supporting regional supply chains, skilled jobs, and contributing to the country’s energy security and net zero ambitions.” -TradeArabia News Service