Statoil, Statkraft, Masdar Raise $1.9B for Dudgeon Wind Farm

  • Project is first to raise funds under new U.K. subsidy system
  • Offshore 402-megawatt wind farm due to be completed in 2017

One of the world’s biggest offshore wind farms, being developed off the U.K. coast, secured 1.3 billion pounds ($1.9 billion) in project refinancing six months after it started fundraising.

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