RWE has signed two agreements with UAE-based energy companies during the state visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to Germany, covering potential offshore wind investments in Germany and future LNG supplies to European and Asian markets.
The agreements include a Memorandum of Understanding (MoU) between RWE and Abu Dhabi Future Energy Company PJSC – Masdar on offshore wind, and a Letter of Intent (LOI) between RWE and ADNOC on potential long-term LNG supplies.
The agreements are aimed at strengthening energy cooperation between Germany and the UAE while supporting renewable energy development and energy security in Germany and Europe.
RWE and Masdar Explore German Offshore Wind Opportunities
Under the MoU, RWE and Masdar intend to explore joint participation in German offshore wind auctions scheduled for 2027.
The proposed collaboration has an indicative investment value of more than €3 billion. The agreement builds on the companies’ existing offshore wind partnership and could further expand Masdar’s investments in Germany’s energy sector.
RWE and Masdar currently jointly operate and develop offshore wind projects in the UK with a combined capacity of 3.6 GW.
Their partnership includes the London Array offshore wind farm, which has been operational since 2013 with a capacity of more than 600 MW. The companies have also partnered on the Dogger Bank South offshore wind projects in the UK, comprising the East and West projects with a combined planned capacity of 3 GW.
Earlier this year, RWE and Masdar secured Contracts for Difference for the Dogger Bank South projects under the UK Government’s Allocation Round 7.
Dr Markus Krebber, CEO of RWE AG, said offshore wind would play an important role in Europe’s energy security and decarbonization efforts, adding that partnerships would be important for developing Germany’s offshore wind potential.
Masdar CEO Mohamed Jameel Al Ramahi said the company’s experience across offshore wind projects in the UK and Europe would support its efforts to explore new opportunities in Germany with RWE.
RWE and ADNOC Advance LNG Supply Discussions
Separately, RWE Supply & Trading and ADNOC signed a Letter of Intent covering potential long-term LNG supply agreements.
The companies intend to agree on terms for up to two LNG sale and purchase agreements. The potential contracts would cover LNG deliveries to Germany and other European markets, as well as Asian markets.
The proposed supplies would come from ADNOC Gas’ and XRG’s growing LNG portfolio, including projects in Ruwais, Das, Rio Grande, Mozambique and Argentina. Deliveries are expected to begin in the early 2030s, subject to the conclusion of definitive agreements.
The LOI builds on discussions under the Strategic Collaboration Agreement signed between RWE and ADNOC in February.
RWE said the potential LNG arrangements would support the diversification of its global LNG portfolio while contributing to security of supply in Germany and Europe.
UAE-Germany Energy Cooperation
His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Chairman of Masdar, said the agreements reflect the UAE and Germany’s growing cooperation in energy security, industrial development and clean energy.
The UAE has also indicated plans to invest an additional €40 billion in Germany, highlighting the broader investment relationship between the two countries.
The latest agreements bring together cooperation across both renewable energy and conventional energy supply, with offshore wind supporting Germany’s long-term decarbonization goals and LNG potentially contributing to energy security and supply diversification.
RWE said it will continue working with Masdar and ADNOC to develop the commercial frameworks for the proposed offshore wind and LNG opportunities.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
