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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Wind farm project gets boost from Abu Dhabi

Posted on 17 October 2008

From Telegraph.co.uk: Plans to build the world’s largest offshore wind farm in the Thames estuary are back on track after Abu Dhabi’s sovereign wealth fund agreed to take a 20pc stake in the project.

Masdar, set up by the emirate to channel funds into green projects, is buying part of a stake in the London Array project owned by the German power company E.on. The array’s future was thrown into confusion earlier this year when Royal Dutch Shell decided to pull out of the project, which had been promoted as a major contributor to the UK meeting carbon emissions targets….. Full Article: Source


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