Shell Ditches, But London Array Wind Farm Carries On

Written by Jaymi Heimbuch

Thursday, 24 July 2008

It’s always a hassle when a big partner decides to skip town on a project, especially one like the London Array – Britain’s plan for the world’s largest offshore wind farm. Luckily, the two other partners involved in the project recognized the importance of it and dug through their couch cushions for the change to buy Shell’s 33% stake in the project.

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

Comments (1)

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Wind Energy a great idea
written by The Food Monster , July 24, 2008

http://thefoodmonsterblog.blogspot.com
If I had the money I would have bought Shell's share. I am glad the other two are continuing on with the project.

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