London Array wind farm receives final investment
Utilities DONG Energy, E.ON and Masdar have announced that they will invest €2.2bn in building the first 630MW phase of the London Array offshore wind farm in the Thames Estuary.
The announcement comes after the UK government's April budget included an increase in support for offshore projects to two Renewable Obligation Certificates (ROCs) for each MWH of power produced.
The project had previously faced uncertainty, when Shell withdrew in May 2008 due to spiralling costs, leaving E.ON and Dong with 50% stakes. Masdar purchased 40% of E.ON's half share giving it a 20% stake in the overall project.
"The start of London Array will mark a key milestone in our roadmap as we
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