- 3 updates
A Department of Energy and Climate Change spokesman said the scrapping of the scheme was a matter for the developer, but the decision "was made on purely technical grounds and reflects the many complex challenges of constructing offshore windfarms".
The scheme had drawn criticism from environmentalists who were worried about its impact on marine wildlife in the Bristol Channel and campaigns who have branded the project for 720-ft high turbines as unsightly.
According to the Guardian, round 3 windfarms such as those in Dogger Bank, Hornsea and East Anglia, were set up to help the government generate 15 per cent of energy from renewable sources by 2020.
Director of offshore wind Paul Cowling claimed that German-owned firm RWE is still backing offshore wind and would be pressing ahead with other projects off Britain's coastline.
But it is not known if any other firm will take over the project to install windfarms off the coast of North Devon, which would have provided power for thousands of homes in the region.
Richard Sandford, head of European projects offshore at RWE, also denied that the Atlantic Array was dropped as part of a money saving drive at the company.
He told the Guardian: "This really is project-specific and not at all down to other considerations. We are still proceeding with schemes like Galloper and Triton Knoll, off the east coast of the country."
Developers of what would have been one of the world's largest offshore windfarms off the coast of North Devon are expected to pull out of the project, according to reports.
German-owned RWE npower appears to have pulled the plug on the 240-turbine Atlantic Array project due to financial concerns.
Paul Cowling, director of offshore wind at RWE Innogy, told the Guardian: "This is not a decision we have taken lightly; however, given the technological challenges and market conditions, now is not the right time for RWE to continue to progress with this project."