The first phase of the London Array wind farm has a capacity of 630 MW and is expected to begin operation in 2012 and be able to provide renewable energy for the London Olympics. Once completed it will be the world's largest offshore wind farm. DONG Energy owns 50% of the farm with E.ON (30%) and Masdar (20%) holding the remaining shares.
Simon Brooks, European Investment Bank Vice President responsible for operations in the United Kingdom and Climate Action said: “The European Investment Bank is pleased to be able to support Dong Energy’s contribution to London Array, expected to be the world’s largest wind farm. This project will make a significant contribution to the United Kingdom’s renewable energy targets.”
Carsten Krogsgaard Thomsen, Chief Financial Officer of DONG Energy said: "DONG Energy's goal is to reach at least 3,000 MW of wind turbine capacity by 2020, and London Array is a cornerstone in this transition towards a greener future. The EKF guaranteed EIB funding of the project supports our robustly financed investment programme".
