London Array secures $424m Abu Dhabi funding - Energy - ArabianBusiness.com:
"The London Array project, designed to be the world’s largest offshore wind energy facility, has secured an estimated $424m in new financing from Abu Dhabi controlled Masdar Energy UK, it was reported.
Contributing to the refinancing were Siemens Bank gmbH, Bank of Tokyo-Mitsubishi UFJ Ltd, KFW-IPEX Bank and Sumitomo Mitsui Banking Corp, a report in UK trade publication Electric Light & Power quoted Masdar as confirming.
The report said an additional $93.75m loan was provided by the UK Green Investment Bank.
The UK has agreed to an European Union goal of generating 30 percent of its power from renewable energy by 2020. It currently generates about half of this."
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