Abu Dhabi’s Masdar Secures $1.84B For UK Wind Farm Project

Dudgeon Offshore Wind said it has secured a £1.3-billion ($1.84 billion) financing for a 402MW project being co-developed by Abu Dhabi’s renewable energy company Masdar (with a 35 per cent stake) along with Norwegian oil and gas company Statoil (35 per cent) and state-owned electricity company Statkraft (30 per cent).

It is the first offshore wind project to obtain financing under the UK government’s ‘Contract for Difference’ (CfD) scheme. The project met its milestone requirement this month, said a senior company officials.

https://oilguru.org/2016/05/15/abu-dhabis-masdar-secures-1-84b-for-uk-wind-farm-project/