Masdar, the UAE’s clean energy company, has finalized its acquisition of a 49 percent stake in the 3-gigawatt (GW) Dogger Bank South (DBS) project, alongside RWE, a leading German renewable energy firm.
This strategic partnership, representing an £11 billion joint investment, is said to be a significant milestone in the development of one of the world’s largest planned offshore wind farms. It is located off the northeastern coast of England, the DBS project underscores Masdar’s and RWE’s commitment to supporting the UK’s net-zero goals while boosting the economy.
As per the firm, Masdar’s involvement in the project is part of its broader strategy to expand its offshore wind capacity and contribute to its target of achieving a 100GW renewable energy portfolio by 2030.
The DBS offshore wind farm, split into DBS East and DBS West sites, is poised to become a major contributor to the UK’s energy landscape, with a combined capacity of 3 GW. Its potential to power three million UK homes highlights the scale of its impact on energy generation and decarbonization efforts.
Moreover, the project is expected to generate substantial employment opportunities, with approximately 2,000 jobs projected during the construction phase and over 1,000 direct and indirect jobs during its operational lifespan.
The partnership between Masdar and RWE indicates a broader trend of collaboration and innovation in the renewable energy sector. The construction is anticipated to commence by the end of 2025, the DBS project is on track to deliver its first 800 MW of electricity by 2029, with full commissioning slated for completion by 2031.
It may be noted that the project’s timeline aligns with the UK’s renewable energy targets and underscores Masdar’s and RWE’s shared commitment to accelerating the transition to a low-carbon future. As Masdar pursues its goal of tripling global renewables capacity by 2030, the DBS project stands as a testament to the company’s dedication to driving sustainable energy solutions on a global scale.
