AFTER the massive setback of Shell pulling back and a period in the wilderness, partners in the world’s largest offshore windfarm, the London Array, have regrouped and construction will start this summer. The trigger to the decision was the UK Government’s 2009 Budget decision to offer enhanced incentive payments via renewables obligation certificates.
DONG of Denmark, with a 50% stake, Germany’s E.ON (30%) and Abu Dhabi’s renewable energy fund, Masdar (20%), have pledged to invest $3billion for the 630MW first phase of the project, which should be completed in time to deliver wind energy to the London Olympics in 2012.