The energy company RWE and the investment fund KKR will invest 12 billion pounds (about 16 billion dollars) in the development of offshore wind projects Vanguard West and Vanguard East in the North Sea, writes the Wall Street Journal. The total power of the facilities will be 2.8 GW. The projects will be carried out as part of a joint venture with equal parts, and loan financing will be provided by a consortium of 35 international banks.