Masdar, E.ON and DONG Energy give green light to build world's largest offshore wind farm

DONG Energy, E.ON and Masdar, a wholly-owned subsidiary of the Mubadala Development Company (Mubadala), have today announced that they will invest €2.2 billion in building the first 630MW phase of the London Array offshore wind farm in the Thames Estuary.

Once complete, the scheme will be the the world’s largest, and the first 1GW, offshore wind farm. The project will supply enough power for around 750,000 homes – or a quarter of Greater London homes - and displace the emission of 1.9 million tonnes of CO2 every year.

Today’s announcement comes after the UK government’s recent proposal to increase its support for offshore wind power. The partners are satisfied that the project is now financially viable and are now keen to push ahead with construction and to produce the first renewable power in 2012.