Royal Dutch Shell will join forces with renewable energy developers to build an €18m (£15.7m) floating wind project off the coast of Norway by next year. The Anglo-Dutch fossil fuel giant will take a majority stake in the development company that hopes to prove that the cost of floating wind projects could fall significantly using innovating approaches. Shell has increased its share of the project from an initial one third stake to almost two thirds, alongside German renewables company Innogy and Denmark’s Stiesdal Offshore Technologies. The project company plans to test the new wind power technology six miles off the Norwegian coast by 2020.
Telegraph 13th Feb 2019 read more »
Energy giants Shell and Innogy have teamed up with Stiesdal Offshore Technologies (SOT) to invest in an €18m demonstration project they hope could slash the costs of installing floating wind turbines. The trio yesterday announced the final investment decision on the TetraSpar floating wind project, firing the starter gun on work to install a turbine with a floating foundation off the Norwegian coast.
Business Green 14th Feb 2019 read more »