German developers strengthen offshore wind cooperation with Qatari investor

RWE signed two separate agreements with Masdar. The first, a memorandum of understanding, will see RWE and Masdar  assess potential collaboration in German offshore wind auctions. They also signed a letter of intent to further develop potential long-term LNG supply opportunities.

Under the offshore wind MoU, RWE and Masdar intend to consider joint participation in German offshore wind auctions in 2027. The agreement has an indicative investment value exceeding €3Bn and builds on Masdar and RWE’s long-standing partnership.

His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and chairman of Masdar said, “The UAE and Germany have built a strong partnership grounded in shared ambition, industrial cooperation and a commitment to energy security.

“The UAE’s intention to invest an additional €40Bn in Germany reflects the long-term confidence and ambition behind this partnership. Both offshore wind and LNG will play an important role in Germany’s future energy system, supporting industrial competitiveness and long-term economic growth.”

RWE chief executive Dr Markus Krebber said, “Offshore wind will play a central role in strengthening Europe’s energy security, accelerating decarbonisation and delivering reliable electricity at scale. Germany offers significant potential, and strong partnerships will be essential to turn that potential into future clean energy projects.

“We are pleased to take another step with Masdar, a valued partner with whom we have built a successful, long-standing cooperation from London Array to Dogger Bank South. Together, we want to bring our complementary strengths and experience to the German market and support the country’s energy transformation with secure, sustainable and affordable power.”

Masdar chief executive Mohamed Jameel Al Ramahi said, “Masdar has been investing in offshore wind for more than a decade, building deep experience across some of the sector’s most significant projects in the UK and Europe. From London Array to Baltic Eagle and Dogger Bank South, we have seen first-hand what can be achieved by combining long-term investment with strong partners and world-class technical expertise.

“Our partnership with RWE brings together complementary experience and a shared focus on disciplined execution, and we look forward to applying that expertise to new opportunities in Germany.” RWE and Masdar jointly operate and develop offshore wind projects in the UK with a combined capacity of 3.6 GW.

A second German developer, asset manager for energy transition projects Luxcara, signed an MoU to explore potential investment of more than €5Bn in battery storage and offshore wind in Germany and beyond. The partnership will cover large-scale renewable generation, storage, and potentially other technologies to support a more secure and resilient energy system.

Masdar’s chief executive said the agreement with Luxcara “brings together two technologies that will be increasingly important to the future of power: large-scale renewable generation and battery storage.” He said that by combining Masdar’s global investment and development experience with Luxcara’s capabilities in the European market, he sees “significant potential to create long-term value while supporting a more secure and resilient energy system.” Battery energy storage is also becoming an increasingly important part of Masdar’s global portfolio. By enabling electricity generated from renewable sources to be stored and dispatched when it is needed, battery storage can help reduce intermittency, improve grid flexibility and enable greater deployment of renewable energy.

The proposed partnership with Luxcara would further strengthen Masdar’s European platform and support the company’s strategy of investing across the clean energy value chain as it advances towards its target of 100 GW of renewable energy capacity by 2030.

Luxcara managing partner Alexandra von Bernstorff said, “We are exploring a promising partnership with Masdar that could bring meaningful investment into Germany’s offshore wind and battery storage sector. With a potential joint investment volume of more than €5Bn, this cooperation underlines Luxcara’s commitment to advancing Germany’s energy-transition infrastructure.”

The MoU remains subject to the parties reaching definitive agreements and the satisfaction of customary conditions and regulatory approvals.