Denmark's DONG Energy, E.ON and Masdar have given the go-ahead for the first phase of the London Array offshore wind farm in the Thames Estuary, reports professional journal Ingeniøren (The Engineer). The partners will invest DKK 16.4bn (USD 3bn) in building 175 wind turbines with a total output of 630 MW. The second phase of the project will bring the total output to 1GW, making it the world's largest offshore wind farm.
Once completed, the wind farm will supply electricity to 750,000 homes and reduce CO2 emissions by 1.9 million tonnes annually. The first phase of the wind farm is scheduled to come on stream in 2012.
In a press release, DONG Energy states that the announcement came after the UK Government's recent proposal to increase its support for offshore wind power.
Anders Eldrup, CEO of Dong Energy, says: "The decision to build the London Array offshore wind farm is a very significant cornerstone in DONG Energy's strategy to increase the proportion of electricity generated from renewable energy sources. DONG Energy has built approximately half of all offshore wind farms in operation in the world today. Entering into the world's largest offshore wind farm project further strengthens DONG Energy's leading position in this field."
DONG Energy is one of the leading energy groups in Northern Europe. The company is headquartered in Fredericia, Denmark, and employs 5,500 people. E.ON is one of the world's leading power and gas companies. E.ON Climate & Renewables, which is responsible for E.ON Group's global renewables and climate protection activities, is headquartered in Düsseldorf, Germany. Masdar is owned by Abu Dhabi through Mubadala Development Company. In January 2008, Abu Dhabi announced it would invest USD 15bn in Masdar, the largest single government investment of its kind.