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Shell buying French floating wind farm developer

Shell buying French floating wind farm developer

The Hague, November 6 - Neftegaz.RU. Shell is buying EOLFI, a French company specializing in floating wind farm project. “This acquisition brings specialist expertise to enhance Shell’s existing wind team and a floating wind pilot project which is an opportunity to leverage our offshore experience and project management expertise. This is also a significant step for Shell in France, where Shell sees opportunity to grow the offshore wind business,” Shell said. The transaction is expected to close in December 2019.

Eolfi and partners are developing a pilot floating wind project in France, off the coast of Brittany. Pending approvals, according to Eolfi, the project will see the installation of three wind turbines on semi-submersible floats in the water depth where fixed turbine foundations are not suitable.

According to Eolfi, the development of floating wind technology could open up access to more locations for offshore wind, including zones with strong stable winds that are further from shore.

Eolfi, which employs 65 people, has developed over 200 onshore and offshore renewable energy projects in 5 countries. Since 2012, EOLFI has specialized in floating offshore wind power.

News of Shell’s EOLFI acquisition comes just days after another oil company Equinor signed contracts totaling a $357.6 million for the Hywind Tampen floating offshore wind farm development in the Norwegian North Sea. The project will supply electrical power to the nearby oil and gas platforms Gullfaks A, B, C and Snorre A and B in the North Sea.