Renewable energy firm RWE Innogy has formed a 50:50 joint partnership with Norwegian Statkraft for setting up 900MW Triton Knoll offshore wind farm in UK.
Projected to supply enough electricity for around 800,000 average UK households, the wind facility will involve an investment of £3bn to £4bn ($4.6bn-$6.1bn).
The firms have not revealed the financial details about the agreement, which is expected to close by 2017.
The partners are likely to start construction of the wind project by the same year.
Located off the east coast of the country, the wind farm development will offer around 1,900 jobs.
The partners will handle the development and construction phases for the project through a joint team.
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By GlobalDataThe offshore wind project had received development consent order (DCO) from the government in July 2013.
RWE Innogy CEO Hans Bunting said: "Securing partners for projects such as Triton Knoll has been a key objective in our renewables strategy, and this latest successful partnership with Statkraft highlights the attractiveness of our developments and RWE’s continued commitment to offshore wind."
Statkraft executive vice president Jon Brandsar said: "This is an important step for Statkraft in delivering on our strategy for offshore wind."
