Diamondback, KKR to buy Five Point’s 70% stake in Deep Blue

RWE and KKR secured £12.8bn financing for 2.8GW offshore wind projects off England's east coast, the largest non-recourse financing for UK offshore wind. The deal includes £11.1bn in cash facilities and £1.7bn in ancillary facilities from 35 banks, with commitments from the UK's National Wealth Fund and other international institutions. The projects aim to be commissioned by 2030 under a 20-year inflation-indexed Contracts for Difference at £91.20/MWh.

RWE reported a 35% rise in nine-month adjusted EBITDA to €4.575 billion, exceeding forecasts. The company confirmed full-year guidance of €5.75–€6.35 billion. RWE and KKR finalized a £12 billion UK offshore wind deal. RWE won nearly all awards in Germany's first backup power tender. RWE and KKR submitted a conditional bid for Uniper.

Diamondback Energy and KKR agreed to acquire Five Point's 70% stake in Deep Blue Midland Basin, with Five Point to receive cash. Diamondback already owns 30%. The transaction, expected to close in Q4 2026, involves water management operations in the Midland Basin.

RWE and KKR announced a £12bn deal to build Vanguard West and East offshore wind farms off Norfolk, with construction starting in 2027 and completion by 2030. The project, backed by £1bn from the National Wealth Fund, aims to generate 2.8GW, powering 3 million homes and supporting 2,400 jobs. RWE and UK officials highlighted the investment's role in energy security and economic benefits.

RWE and KKR have finalized a £12bn investment in two 1.4GW offshore wind farms (Vanguard West and East) off the UK's Norfolk coast, totaling 2.8GW. The project, backed by equity and non-recourse financing, is expected to power 3 million homes by 2030. The UK's National Wealth Fund and international banks are also involved in the financing.

The UK announced a £12 billion investment in two offshore wind farms, Vanguard West and Vanguard East, off the Norfolk coast, with a combined capacity of 2.8 GW. The project is a joint venture between RWE and KKR, with construction starting in 2027 and completion targeted for 2030. The government aims to boost domestic electricity generation and energy security.