Developers of the world’s largest offshore wind farm, the London Array, have decided to begin construction this summer, after the British government doubled incentives for offshore wind.
The future of the 1,000 megawatts (MW) project has been in doubt since Royal Dutch Shell (RDSa.L) withdrew from the project in May 2008.
Denmark’s Dong Energy A/S holds 50% interest in the project, E.ON (EOAN.DE) 30% and Abu Dhabi’s state-owned green energy firm Masdar holds the remaining 20%.
The group will invest EUR 2.2 billion in the first phase, Frank Mastiaux, Chief Executive of E.ON Climate and Renewables, told reporters this week.
The United Kingdom said in its 2009 budget it would raise support for offshore wind farms under the Renewables Obligations Certificates (ROCs) scheme.
"The London Array is a flagship project in our drive to cut emissions by 80% by 2050 and meet future energy needs," UK Prime Minister Gordon Brown said.
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