Oil major buys further into US offshore wind

New Jersey is taking the next step toward installing 3.5 GW of offshore wind capacity but is also terminating an MHI Vestas project. The developer is now picking up the pieces along with Shell and forging much larger plans.

Photo: Siemens Gamesa, PR

Shell has seriously started to flex its muscles in the US offshore wind energy industry. Only a few days after having spent approximately USD 138 million on a 512 square kilometer project site off the coast of Massachusetts, the oil company is now investing again in an roughly 44 percent larger area further to the south. In a new joint venture, Shell and French utility EDF have just purchased US Wind's 742 km2 licensed site in New Jersey waters, the partners inform in a press release.

"Shell has bold ambitions to grow our renewable power business and we see great potential in US offshore wind," writes Shell Wind Development Vice President Dorine Bosman, adding:

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs