RWE, KKR finalise $16 billion investment in UK renewables
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓RWE and KKR agreed to invest $16.02 billion in British offshore wind projects on Wednesday.
- ✓This deal marks one of the biggest renewables investments in the country.
- ✓The companies said the move supports climate goals as leaders gather for COP31 in Turkey.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Nov 11 (Reuters) - German utility RWE (RWEG.DE), opens new tab and US private equity firm KKR (KKR.N), opens new tab have agreed to invest around £12 billion ($16.02 billion) in offshore wind projects in Britain, they said on Wednesday, one of the biggest renewables investments in the country.
The projects' financial closing comes as world leaders, including British Prime Minister Andy Burnham, are expected to set out their climate priorities in speeches at COP31 in Turkey on Wednesday.
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Here are some details from a government press release:
(This story has been refiled to fix the hyperlink in bullet point 4, with no changes to text.)
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