The two firms, which each own a one-third stake in the project will now become 50-50 partners by buying out Shell, the former third partner. Shell decided to withdraw from the London Array project back in May after a strategic review indicated that the project would not bring sufficient rates of return on the investment. Industry-wide cost inflation has raised the cost of the project to more than £2.5bn ($5 billion U.S.), well above the original estimates of £1.5bn three years ago.

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