Masdar secures backing for UK offshore wind plant | The National:
"The developers of the Dh6.86 billion, 402-megawatt Dudgeon offshore wind plant in the UK, Masdar and two state-backed Norwegian energy companies, have secured financing for the project.
The project will be funded by £1.3bn in limited-recourse bonds, which were arranged by a consortium of banks including Credit Agricole, Société Générale and BNP Paribas.
Masdar owns a 35 per cent stake in the offshore wind plant. Statoil, a Norwegian government-backed oil and gas company, owns a 35 per cent stake in Dudgeon, while Statkraft, Norway’s state-owned electricity company, owns a 30 per cent stake."
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