Shell withdraws from offshore wind projects with Simply Blue

Shell will exit its two offshore wind projects in Ireland, leaving Simply Blue Group in search of a new partner.

The move away from offshore wind projects Western Star and Emerald is “a portfolio decision for Shell,” according to a joint statement from the energy giant and Simply Blue Group.

The offshore wind developer said it remains committed to completing the sites off the coast of Cork and Clare, which will combine to provide 2.65 gigawatts of floating offshore wind energy for Ireland, and is making progress towards a “new strategic partnership”.

Shell agreed almost a year ago to buy a 51 per cent stake in Simply Blue Group’s Western Star floating wind farm, after previously buying into Emerald’s development.

https://www.independent.ie/business/irish/shell-pulls-out-of-offshore-wind-projects-with-simply-blue-42015503.html Shell withdraws from offshore wind projects with Simply Blue

Fry Electronics Team

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