Offshore Wind Farm Finds Investors

The world's largest planned offshore wind farm has found new investors in the form of an Abu Dhabi investment fund.

The future of the proposed London Array wind farm has been in doubt since Shell pulled out of the project in May after estimated costs more than doubled.

Eon and Danish based DONG Energy had been seeking a new partner in the offshore wind energy farm.

The Masdar Initiative, which is funded by the Abu Dhabi government, announced that it will take a 20 per cent stake in the project.