RWE and KKR plan offshore windfarms off Norfolk

RWE and KKR are developing the Vanguard West and Vanguard East offshore windfarms off the Norfolk coast.

The farms will be off Norfolk. The National Wealth Fund will give £1bn.

International banks will also give money. The fund is owned by the state.

RWE says the farms will make about 2.8 gigawatts. This can power about 3 million homes.

Building is expected to start early next year. The farms are planned to make power by 2030.

Section: Business

More articles

• Poundland seeks more time to secure rescue deal
• Government Supports Third Heathrow Runway
• Bank official warns of ‘low-hire, low-fire’ UK jobs market
• Conservatives propose about £36 billion in annual welfare cuts
• Trump Says Iran Conflict Is “Effectively Over”
• UK-EU Summit to Target Trade Barriers and Practical Cooperation