Biggest wind farm gets investor
Plans to build the world's largest wind farm have received a boost with the announcement of a new investor. Earlier this year the London Array wind farm project seemed to be facing difficulties but an investment by Abhu Dhabi's Masdar suggests that the development will continue.
Masdar, the government of Abu Dhabi's renewable energy investment vehicle, has bought a 20 per cent stake in the project.
Prime minster Gordon Brown welcomed the move, saying that the London Array put the UK at the forefront of offshore wind development.
He said: "I very much welcome Masdar's decision to invest in renewable energy in the UK. This is an excellent example of the partnership we need between oil producing and oil consuming countries to develop new energy sources and technologies, diversifying their economies and reducing our dependence on carbon."
The London Array will have the capacity to generate one gigawatt of electricity ? enough to power 750,000 homes ? from 271 turbines located in the outer Thames Estuary.
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