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Article: United kingdom : EIB to help finance UK offshore wind connections to grid.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: manish03
The European Investment Bank may lend as much as 300 million pounds ($496 million) to help link offshore wind parks to the UK s power grid as Britain aims to reduce carbon-dioxide emissions.
The loans would be given to 13 bidders in tenders to own and operate power cables from six wind farms being built by companies including Scottish & Southern Energy Plc, the UK energy regulator said in an e-mailed statement.
This money would help projects currently under construction get their cables in the water and feeding into the grid quickly and cheaply, Energy Minister Phil Hunt said in the statement.
The six projects have a ...