Shell plans to sell leases for floating wind farm projects off Scotland's coast, part of its retreat from renewables.
Shell plans to sell leases for floating wind farm projects off Scotland's coast, as part of its retreat from renewable power expansion. The company aims to sell its stake in a joint venture with Iberdrola SA's Scottish Power to develop up to 5 gigawatts of floating wind power plants. This move underscores the challenges the UK government faces in developing floating wind as a major industry, while costs for the technology have increased.
July 23, 2024
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