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It’s always a hassle when a big partner decides to skip town on a project, especially one like the London Array –
We don’t know how much it took to buy 33% of a 1 GW project, but it is probably a whole lot. E.ON and Dong Energy are now 50-50 partners and say that the project is still on track to finish phase 1 of development. We’ll know if that’s true by the end of 2012. At any rate, it’s great to hear that massive wind farms are important enough to some investors to see them through to fruition.
Via Treehugger, The Guardian; Photo via mprinke
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If I had the money I would have bought Shell's share. I am glad the other two are continuing on with the project.