UK Gets $14B Investment for World’s Largest Wind Farm from RWE and UAE

UK Prime Minister Rishi Sunak celebrated the news of a £11 billion (US$13.9 billion) investment agreement between Germany’s RWE and the United Arab Emirates’ state-owned renewables company Masdar during a whirlwind 11-hour visit to Dubai for the COP28 conference on Friday, December 1. News of the agreement for the joint investment in what is billed as the world’s largest wind farm comes at a critical time of the offshore wind and is seen as a vote of confidence for the beleaguered industry from a global investor.

View entirety: The Maritime Executive