Shell Buys 51% Stake in Floating Wind Farm Project Offshore Ireland
By Jaime Llinares Taboada
Royal Dutch Shell PLC said Wednesday that it has agreed to
acquire a 51% stake in a project to develop a floating wind farm in
the Celtic Sea, off the south coast of Ireland.
The Anglo Dutch oil major said the deal was reached with Irish
developer Simply Blue Energy, which will remain as operator of the
The wind farm is initially expected to have an installed
capacity of 300 megawatts, but there is potential to scale-up the
project to 1 gigawatt.
Shell is one of the largest oil and gas companies in the world,
but has set an ambition to become a net-zero emissions business by
2050 or sooner.
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(END) Dow Jones Newswires
January 27, 2021 05:44 ET (10:44 GMT)
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