Shell Buys Floating Wind Developer Eolfi
Shell has acquired the floating wind specialist Eolfi. The French developer will become a subsidiary of Shell New Energies.
Eolfi is building a three-turbine pilot project off the north coast of France in waters too deep for fixed bottom structures. It will use MHI Vestas turbines. It also has a portfolio of onshore wind and solar assets. Shell has confirmed that these are all included in the deal.
Floating wind can be used in deeper waters and further from shore where better wind conditions can often be found. This opens new markets in Europe, Japan, Turkey and many more.
Shell is already active in the floating wind space with a trial off the coast of Norway set to be developed next year. Through a partnership with Innogy, Shell will test Stiesdal Offshore Technologies’ Tetra Spar floating foundation. Shell has a two-thirds stake in the €18 million ($20 million) pilot project.Read More