RWE said on 8 October 2026 that it had completed the sale of its 33.33% stake in the Five Estuaries offshore wind farm to EDF power solutions UK and Ireland, for an undisclosed price.
Why EDF power solutions UK and Ireland is buying Five Estuaries Offshore Wind Farm (33.33% stake from RWE)
RWE plans to reinvest the proceeds in its portfolio of consented offshore wind projects. EDF takes over responsibility for leading the project on behalf of the joint venture partners, and RWE will support the handover for a short period.
Deal terms and financing
Financial terms were not disclosed. The other shareholders are a Macquarie-led consortium with 25%, ESB with 20.83% and Sumitomo Corporation with 20.83%.
Regulatory approvals and timing
The sale has been completed. Five Estuaries received development consent from the UK Energy Secretary on 17 December 2025.
Market context
The project covers two seabed areas totalling about 128 sq km in the southern North Sea and is consented for up to 79 turbines with a maximum tip height of 370 metres. The developers are targeting first construction work in 2028 and operation by the end of the decade.
