Original title: RWE Targets Germany, UK and Netherlands Auctions with 15 GW Contracted Portfolio and €42 bn Investment Plan
RWE secured 20-year Contracts for Difference for five UK offshore wind developments totalling up to 6.9 GW in Allocation Round 7, at an inflation-linked £91.20 per MWh (2024 prices). The portfolio spans Vanguard West and Vanguard East (up to 3.1 GW, developed with KKR), two Dogger Bank South projects (3 GW, 49%-owned by Masdar) and the 800 MW Awel y Môr.
The company is readying a further 2.5 GW for the UK's Allocation Round 8 and holds more than 3 GW of new gas-fired capacity for German flexible-generation auctions, the first two set for September 8 and December 29, 2026. All 42 RWE assets entered in Britain's March capacity-market auction qualified, securing 6,373 MW at £27.10 per kilowatt.
These commitments sit within a €42 billion investment programme; RWE reported 10.3 GW of capacity under construction as of June 30, 2026.
Context
It is the same H1 reporting period in which RWE's adjusted net profit rose 60% to EUR 1.26bn and its offshore wind earnings climbed on higher generation.
