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RWE Sanctions 342 MW Offshore Wind Farm Project

April 3, 2020

Image Credit: innogy

RWE, Europe's third-largest renewables group, has taken a final investment decision for a 342 megawatt wind project off the German coast, its green energy unit said on Friday.

Contracts worth more than 500 million euros ($539 million) have been signed for all major components of the Kaskasi project, 35 miles (56km) north of the German island Heligoland, Innogy, whose renewables business is part of RWE, said.

"Our investment in this project underlines our ambitions to further grow in offshore wind in Europe and around the globe," said Christoph Radke, chief operating officer in charge of renewables at Innogy.

Turbines will come from Siemens Gamesa, while Denmark's Bladt Industries will build the monopiles, it said. Seaway 7, a unit of oil services firm Subsea 7, will install the foundations.

Work will begin in the third quarter of 2021, Innogy said, adding the wind farm would start operations in summer 2022 and supply about 400,000 households. ($1 = 0.9270 euros)

 (Reporting by Christoph Steitz)

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