Masdar has successfully acquired a 49% stake in a UK offshore wind project

February 29, 2024

Abu Dhabi clean energy company Masdar has completed the acquisition of a 49% stake in 3-gigawatt (DBS) project, one of the world’s largest planned offshore wind farms, as it continues to expand its presence across renewable energy markets in the UK and globally.

The acquisition is part of an £11 billion ($14 billion) joint investment in the UK’s renewable energy sector with German company RWE, which retains a 51% stake.

Read the original article in The National: Masdar completes 49% stake acquisition in UK offshore wind project