The planned 1-GW London Array wind farm that, upon completion, will be the largest offshore wind farm in the world, is again moving forward after some financial difficulties. The project's investors began doubting the project and recently asked for a bailout, but it seems investors have now agreed to provide $3 billion in funding for the next phase of the project.
According to one of the investors, E.ON UK, increased support for offshore wind power from the UK government has made the project financially viable once again.
The wind farm will be located in the Thames Estuary and the first 630-MW phase of the project should be up and running for the 2012 Olympics. When the entire wind farm is complete, it will supply power for 750,000 homes and prevent the emission of 1.9 million metric tonnes of CO2 a year.
written by Marc, May 15, 2009
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