Masdar has announced that it has secured $1.84 billion in financing for the Dudgeon Offshore Wind Farm project.
This project is the first wind development to acquire financing under the UK government’s ‘Contract for Difference’ (CfD) scheme.
"The completion of the Dudgeon wind farm will bring Masdar’s gross installed clean energy capacity in the UK to more than 1 gigawatt, further evidence of our growing international footprint and the strength of our commitment to the UK renewable energy industry, " says Masdar CEO, Mohamed Jameel Al Ramahi.
The project is expected to begin operations by the second half of 2017.
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