Wind farm consortium applies for £1bn London Array loan
London Array consortium says loan application is one of a number of funding options
Tom Young, BusinessGreen, 17 Jul 2009
The London Array consortium, which plans to build the world's largest offshore wind farm in the Thames Estuary, has applied for a £1bn loan from the European Investment Bank.
The consortium announced it was to proceed with the £1.9bn project in May, after a series of delays sparked by Shell's exit from the group last year.
The current consortium consists of Denmark's Dong Energy, which holds a 50 per cent stake, E.ON of Germany, which has a 30 per cent stake, and Abu Dhabi's Masdar investment group, which holds the remaining 20 per cent
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