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FINANCIAL NEWS
London Array receives USD424 m Abu Dhabi funding
20 Oct 2013
(MENAFN) The London Array project secured a USD424 million financing from Abu Dhabi controlled Masdar Energy UK, Arabia business reported.
The project, expected to be the largest offshore wind energy facility, will be financed through several banks around the world, including a USD93.75 million loan from a UK bank.
The project comes after the UK agreed to a European Union goal of generating 30 percent of its power through renewable sources by the end of the decade.
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