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    Vattenfall Exercises Right To Develop 980MW Offshore Wind Project In The German North Sea


    September 30, 2022 - Fitch Solutions Sector Intelligence

     

      • Infrastructure
      • Germany
      • Company Brief
      • Fitch Solutions

      Vattenfall Exercises Right To Develop 980MW Offshore Wind Project In The German North Sea

      • 30 Sep 2022
      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      News: Sweden-based utility Vattenfall has exercised its right of entry to develop and build the 980MW N-7.2 offshore wind power project in the German North Sea. In September 2022, RWE was selected as the winning contender with a zero-subsidy bid in a tender to develop the offshore wind facility. Vattenfall had the option to exercise its right of entry by matching RWE's offer by the end of October 2022. The state-owned utility intends to connect the wind power plant to the German grid in 2027 (Renewables Now).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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