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Bloomberg
Royal Dutch Shell Plc agreed to buy a 51% stake in an Irish project to develop a floating wind farm in the Celtic Sea.
Simply Blue Energy’s Kinsale venture will develop the Emerald floating wind farm, with 300 megawatts
of capacity initially
and the potential
to scale up to 1 gigawatts. The companies didn’t disclose the value of the deal.
Shell divested its upstream oil and gas assets in Ireland in 2018, but the new acquisition falls into a growing list of investments in renewable and low-carbon assets designed to help the company achieve climate goals set out
last year.
The Anglo-Dutch supermajor bought the UK’s largest public electric vehicle charging network, while at the beginning of the month it invested in a waste-to-fuels plant in Canada.