Total investment in the project is approximately €1.9 billion.
The UK Green Investment Bank (GIB) has acquired a €327 million Euro stake in the project.
The Rampion Offshore Wind Farm will be located 13km from the Sussex coast and will have the capacity to generate 400 megawatts of electricity.
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The development is expected to generate 1,300 gigawatt hours of renewable energy annually, enough to supply up to 300,000 homes and reduce CO2 emissions by up to 600,000 tonnes per year.
The project is comprised of 116 wind turbines, associated foundations, an offshore substation and cabling.
Mike Winkel, E.ON board member, said: "Our Rampion project starts from a strong position. Technically, the project is an optimized evolution of our four most recent offshore wind projects. We rely on proven technology and installation processes."
(LM/CD)
