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The Thames Array will comprise 175 wind turbines located 12 miles off the Kent and Essex coast.
Investors decided to fund the £2.1 billion initial investment round, so enabling the project to move ahead. Once completed it could generate enough energy to power a quarter of the homes in Greater London.
The investors include E.ON (Germany), Dong Energy (Denmark) and Masdar (Abu Dhabi). Royal Dutch Shell dropped out of the project last year.
James Hansen, a climate modeller with Nasa argues that corporate lobbying is undermining the democratic response to climate change.
From The Guardian report:
Speaking on the eve of joining a protest against the headquarters of power firm E.ON in Coventry, Hansen said: "The first action that people should take is to use the democratic process. What is frustrating people, me included, is that democratic action affects elections but what we get then from political leaders is greenwash.
"The democratic process is supposed to be one person one vote, but it turns out that money is talking louder than the votes. So, I'm not surprised that people are getting frustrated. I think that peaceful demonstration is not out of order, because we're running out of time."
Hansen said he was taking part in the Coventry demonstration tomorrow because he wants a worldwide moratorium on new coal power stations. E.ON wants to build such a station at Kingsnorth in Kent,