DONG secures £250m loan
DONG Energy has signed a £250m loan agreement with the European Investment Bank as part of the financing for the London Array offshore wind farm.

The financing - guaranteed by the Danish Export Credit Agency on the basis of deliveries from Siemens Wind Power and Per Aarsleff - is in line with DONG Energy’s strategy to diversify its funding and to fund projects out of the parent company.
The first phase of the London Array wind farm has a capacity of 630MW and is expected to begin operation in 2012.
Once completed it will be the world’s largest offshore wind farm. DONG Energy owns 50 per cent of the farm, with E.ON (30 per cent) and Masdar (20 per cent) holding the remaining shares.
Carsten Krogsgaard Thomsen, chief financial officer of DONG Energy, said: ‘DONG Energy’s goal is to reach at least 3,000MW of wind turbine capacity by 2020, and London Array is a cornerstone in this transition towards a greener future.
‘The guaranteed EIB funding of the project supports our robustly financed investment programme.’
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Radio wave weapon knocks out drone swarms
Probably. A radio-controlled drone cannot be completely shielded to RF, else you´d lose the ability to control it. The fibre optical cable removes...