Offshore wind farm Rampion: Acquisition of 20% E.ON stake makes RWE majority shareholder

Rampion is located 13 kilometres off the coast of Sussex in the English Channel. The project was fully commissioned in April 2018. The remaining 49.9% stake in Rampion is held by a Macquarie-led consortium (25%) and the Canadian energy company Enbridge (24.9%).

The United Kingdom provides great opportunity for renewables growth with significant ramp-up potential. This means the UK will play an important role in RWE’s strategy to grow its renewables business. The company is currently constructing the offshore wind farm Triton Knoll which is expected to be fully commissioned in early 2022.

Forward-looking statements

This press release contains forward-looking statements. These statements reflect the current views, expectations and assumptions of management, and are based on information currently available to management. Forward-looking statements do not guarantee the occurrence of future results and developments and are subject to known and unknown risks and uncertainties. Actual future results and developments may deviate materially from the expectations and assumptions expressed in this document due to various factors. These factors primarily include changes in the general economic and competitive environment. Furthermore, developments on financial markets and changes in currency exchange rates as well as changes in national and international laws, in particular in respect of fiscal regulation, and other factors influence the company’s future results and developments. Neither the company nor any of its affiliates undertakes to update the statements contained in this press release.