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)

Subscribe to this comment's feed

Write comment

Name

Email

Website

Title

Comment

Add Comment