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:
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