photo: Vik Walker via flickr
If you've been following the ups and downs of the London Array—which still promises (fingers crossed) to be the world's largest offshore wind farm—you're probably a little seasick. It's been a rough ride since the project was first announced a couple years ago, and just last month the project's backers asked for a bailout. Well, despite that recent uncertainty regarding the project's funding, E.ON UK has said that the project will again be going forward:Quoted by Reuters, chief executive of E.ON Climate and Renewables Frank Mastiaux said that the project's backers (which includes Dong Energy and Masdar) would be investing €2.2 billion ($2.98 billion) in the next phase of the project.
As far as when the 1 GW wind farm in the Thames Estuary might actually produce some electricity, the first 630 MW phase of the project is expected to be completed in time for the 2012 London Olympic Games.
In their press release regarding the funding announcement, E.ON indicated that newly increased UK government support for wind power has made the project, again, financially viable.
via: Reuters, E.ON UK
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