UAE’s Masdar Acquires Stake in World’s Largest Wind Farm in UK

German energy company RWE has entered into a partnership with United Arab Emirates state-owned renewable energy company Masdar to develop the Dogger Bank South offshore wind project, part of the world’s largest offshore wind farm.

The partnership, announced during a ceremony at the UN climate conference COP28 in Dubai, will see Masdar will acquire a 49% stake Dogger Bank South projects. RWE will maintain a controlling 51% share and remain responsible for the development, construction, and operation of the projects. RWE said the deal will reimburse it for 49% of the expenses incurred to date on the project.

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