London Array wind farm receives final investment
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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