EnergyWatch

Shell is said to seek sale of stake in USD 1.4 billion wind farm

The Dutch oil giant and its partners are allegedly trying to divest of their stakes in two Dutch offshore wind farms, set to cost USD 1.4 billion in development.

Royal Dutch Shell Plc and its partners Eneco Holdings NV and Mitsubishi Corp. are seeking to sell a stake in two Dutch offshore wind-farm projects that may cost USD 1.4 billion to develop, two people familiar with the plan said.

The companies are looking to reduce their ownership in the Borssele III and IV wind farms by as much as 45 percent, according to the people who asked not to be named because they aren't authorized to speak about it publicly. The fourth partner, infrastructure contractor Van Oord NV, is keeping its share of the project.

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