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Masdar makes progress in UK wind farm project, Thames Estuary.

The firm, which has a 20 per cent stake in the London Array project, said in a statement that 22 of the planned 177 monopile foundations, or bases for wind turbines, had been contructed and the first stage of the London's Thames Estuary project will be delivered by the end of next year.

Frank Wouters, director of Masdar Power, said in the statement that the project marks Masdar's "commitment to expediting the deployment of utility-scale renewable energy production around the world".

The London Array is also 50 per cent owned by Danish consortium DONG Energy and 30 per cent by E.On.

The completion of the first stage will lead to CO2 savings of 925,000 tonnes a year for Greater London. Once the first and second stage of the London Array enters the grid, it is expected to power up to 750,000 homes in the British capital.

Masdar also said two Emirati engineers have joined the project team, "The two recently joined Emirati engineers bring special expertise to the London Array project team and we believe they will significantly contribute to the overall success of the initiative.

London Array, located some 20 kilometers from the Kent and Essex coasts, is set to contribute to the expanding wind energy sector of the UK, which installed 653MW in fresh capacity to account for more than half of the global offshore wind energy market in 2010.

2011 CPI Financial. All rights reserved.

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Publication:CPI Financial
Geographic Code:4EUUK
Date:Jul 10, 2011
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