photo by m.prinke via flickr
A few months ago, when Shell pulled out of the London Array, leaving its partners E.ON and Dong Energy in the lurch, the future of Britain’s and the world’s largest offshore windfarm was up in the air. Now it seems that the Array’s future is a bit more certain.
E.ON, Dong buy up Shell's share
German-based E.ON and Danish Dong Energy have agreed to buy Shell’s 33% stake in the 1 gigawatt project for an undisclosed sum, The Guardian reports. The two remaining backers will form a new 50-50 partnership to continue development of the wind farm located off the shore of Kent.
There is little word on exactly how this new arrangement will change the production schedule for the Array, other than Paul Golby, chief executive of E.ON UK saying that project should remain on track to complete the first phase of development by the end of 2012.
The announcement comes on the same day that Europe’s largest onshore wind farm, the Clyde windfarm in Scotland, received government approval.