London wind

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E.ON and Denmark’s DONG Energy have announced that they have bought Shell’s stake in the London Array offshore wind farm for an undisclosed fee.

E.ON and Denmark’s DONG Energy announced that they have bought Shell’sstake in the London Array offshore wind farm for an undisclosed fee.

The two companies will now become equal joint partners in the project, which, when built in the outer Thames Estuary, could generate enough power to supply a quarter of Greater London homes.

Dr Paul Golby, chief executive of E.ON UK, said: ‘We’re pleased that, together with DONG Energy, we’ve been able to secure the future of the project.

‘We hope to be able to keep the project on track and we should be able to complete the first phase by the end of 2012, subject to securing a number of important contracts, such as those for the wind turbines.’

Mike Lewis, managing director Europe of E.ON Climate & Renewables, said: ‘While the economics of this project remain challenging, we believe this flagship project will give us invaluable experience as we go forward with the next generation of offshore projects.

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