An offshore windfarm owned by Royal Dutch Shell is to be bought out by Danish utility Dong Energy and E.ON UK (Eon), it has been reported.

The price offered for the London Array offshore windfarm has yet to be disclosed, but with the capacity to generate power for a quarter of homes in the Greater London area, the farm is certainly an attractive purchase.

Dong Energy and Eon will now each own a 50% stake in the renewable energy generator.

Paul Golby, CEO of Eon, said: "We are pleased that, together with Dong Energy, we have been able to secure the future of the project, and we would also like to thank Shell for their contribution to the project's significant progress to date.

"That also means that we hope to be able to keep the project on track and we should be able to complete the first phase by the end of 2012, subject to securing a number of important contracts, such as those for the wind turbines."

The news comes as Scotland first minister Alex Salmond announced recently that he wants to see Scotland also become green, with projections of green power accounting for 50& of the country's energy by 2050.