Linklaters advises Vattenfall on the sale of one of the world's largest offshore wind zones to RWE for c. £1bn

Linklaters has advised Vattenfall on the sale of one of the world's largest offshore wind zones to RWE, a leading supplier of wind, solar and battery storage facilities, for circa £1bn, representing one of the largest deals in offshore wind history that will ensure the continued development of fossil-free electricity for millions of British homes.

The Norfolk Offshore Wind Zone is Vattenfall’s flagship offshore wind development located off the east coast of England and consists of three offshore wind projects - Norfolk Boreas, Norfolk Vanguard East and Norfolk Vanguard West. It is one of the largest offshore wind developments in the world, with a total capacity of 4.2 GW, equal to the electricity consumption of 4 million British households.

The electricity market in the UK is changing significantly with goals to build 50 GW of offshore wind by 2030 and reach net zero by 2050. Norfolk Offshore Wind Zone's 4.2 GW capacity constitutes nearly 10% of the 50 GW goal, representing a significant development towards the UK's energy transition and reaching net zero by 2050.

The Linklaters team was led out of London by Corporate partner Dominic da Gama Campos, TMT partner Rich Jones and Corporate associates Nadia Desmond and Robert Stutter.

They were supported by TMT associate Peter Wigglesworth. Partner Sam Lintonbon and associate Philip Gilliland advised on Tax matters, partner Nick Marshall, counsel Simon Kerr-Davis and Re:link lawyer Dónall Breen advised on employment law and Of Counsel Helen Crossley and associate James Hunter advised on antitrust and foreign investment matters.

On energy & infrastructure, partners Richard Coar and Francesca Matthews were involved.

This deal demonstrates Linklaters’ strength within the renewable energy space and is a further example of the firm’s work with offshore wind.