Middle East Economic Survey

VOL. LII

No 20

18-May-2009

UAE

Masdar To Invest In London Array Wind Farm After UK Agrees Subsidy

Construction of the worlds largest offshore wind farm is to begin this summer after the UK government increased subsidies for the project. The London Array project in the Thames estuary was under threat after Shell pulled out last year because of rising costs. The subsidy underlines that renewable energy projects remain uncommercial and depend on state assistance. The...