RWE to sell F.E.W. Baltic II wind project to PGE

Group 1: RWE's Offshore Wind Project Sale - RWE has agreed to sell its F.E.W. Baltic II offshore wind project, which has a planned capacity of 350MW, to PGE in Poland [1] - The wind farm will be located approximately 50km off the coast, north of Ustka, in the Baltic Sea, with the transaction expected to be completed in Q1 2026 [1] - RWE and PGE have finalized the transfer of the environmental permit and related data for the neighboring offshore wind area 44.E.1 as part of the transaction [1] Group 2: RWE's Current and Future Projects - RWE operates onshore wind and solar installations in Poland with a total capacity exceeding 660MW [2] - The company is currently building four large-scale offshore wind farms across four European countries and has several additional offshore projects under development [3] - RWE operates 19 offshore wind farms in five countries, with a combined installed capacity of 6.2GW, of which 3.3GW is attributable to the company [3] Group 3: Additional Offshore Wind Projects - RWE is constructing four new offshore wind projects: Sofia in northern England, Thor in Denmark, OranjeWind off the Dutch coast, and Nordseecluster north of Juist, which will add a total of 4.8GW of capacity, with RWE's share being 3.1GW [4] Group 4: Power Purchase Agreement - RWE has signed a long-term power purchase agreement with Indiana Michigan Power Company for the entire output of its 200MW Prairie Creek project in Indiana, US [5] - Under the 15-year agreement, I&M will purchase electricity from Prairie Creek to meet rising electricity demand in Indiana [5] - Prairie Creek is expected to produce enough power to meet the annual electricity needs of approximately 42,000 Indiana households [6]