Masdar has completed its 49% shareholding acquisition in the 3 GW Dogger Bank South (DBS) project, located approximately 100 km off England’s northeast coast.
The £11 billion joint investment in the project, in partnership with RWE, builds on the £10 billion UAE-U.K. Sovereign Investment Partnership.
“The addition of the Dogger Bank South project demonstrates our commitment to developing Masdar’s offshore wind capacity and expertise as an important component in our pursuit of the target of 100 GW renewable energy portfolio capacity by 2030,” says Mohamed Jameel Al Ramahi, Masdar CEO. “We look forward to a successful collaboration with RWE over the years to come.”
The project is set to be split across two 500 sq. km sites, DBS East and DBS West, each with a 1.5 GW capacity. Construction could start as early as the end of next year, with the company hoping to get the first 800 MW of electricity online by 2029 and fully commissioned by 2031.
The next step for the projects is the submission of applications for development consent orders, expected during this upcoming quarter.
