RWE Scales Down $5.4B Offshore Wind Project In UK

Law360, New York (January 6, 2014, 1:20 PM EST) -- German utility RWE AG is reducing its proposed $5.4 billion Triton Knoll project from 1,200 megawatts to between 600 and 900 megawatts, the company said Monday, continuing a cascade of cuts and cancelations in foreign investments in British offshore wind power.

The Triton Knoll offshore farm was slated to be England's biggest. RWE said that the revisions came after a study of the project concluded that the original plan, as approved in July, was not financially economical. RWE pulled out of another offshore farm in the...
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