DONG Energy and E.ON buy Shell's stake in London Array  

2008.07.28
Denmark's DONG Energy and E.ON are to buy Shell’s stake in the 1 GW London Array offshore wind farm project
Denmark's DONG Energy and E.ON are to buy Shell’s stake in the 1 GW London Array offshore wind farm project, its has been announced on DONG Energy's website. The London Array project fell temporarily into disarray in May this year when Shell pulled out, citing what BBC News reported as 'capital discipline and efficiency' reasons. Shell now plans to focus instead on wind power in the US.
 
Meanwhile, back in the Thames Estuary, the London Array Project is now owned by DONG Energy and E.ON on a 50/50 basis, with Shell’s stake having been acquired for an undisclosed sum. With up to 341 wind turbines, the projected wind farm off North Foreland on the Kent coast will dwarf even the largest offshore installations currently in existence. A total effect of 1 GW will reportedly provide enough electricity to power a quarter of London's homes.
 
London Array adds to DONG Energy’s already extensive portfolio of wind farm projects, which include Storrun in Sweden (30 MW), Karnice I in Poland (30 MW), Horns Rev II in Denmark (209 MW), Gunfleet Sands I and II (108 and 65 MW) and Walney (151 MW)in the UK. The Swedish and Polish wind farms are onshore installations; all the other projects are offshore.
 
DONG Energy employs more than 5,000 people and is one of Northern Europe’s leading energy groups. Its business activities cover procuring, producing, distributing, trading and selling energy and related products in Northern Europe. The company generated revenues in 2007 of DKK 41.6bn (USD 8.78bn).
 
Link > DONG Energy 

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