EnergyWatch

Shell sells out of Dutch offshore wind project

An MHI Vestas project of around 700 MW is joined by a new key investor after the three largest consortium members cut their ownership stakes in half.

Photo: WindEurope

Borssele Beta is welcoming a new owner. Swiss investor Partners Group has taken over 45 percent of ownership in the consortium behind the project, Blauwind II, and will thus be the biggest partner.

No price was disclosed for the deal, in which Shell has divested half of its 40-percent stake, while the two other consortium partners, Mitsubishi subsidiary DGE and Eneco, are halving their stakes thus far of 30 and 20 percent, informs Partners Group, adding that Van Oord will keep its 10 percent.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

RWE criticizes Repower EU

The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.

Further reading

Related articles

Latest News

See all jobs