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Author Topic: Wind Power  (Read 26711 times)

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AGelbert

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Re: Wind Power
« Reply #150 on: February 23, 2017, 07:52:18 pm »
Shell     ;D Looks Beyond Dutch Waters for Offshore Wind Investments

February 22, 2017 by Bloomberg

By Jessica Shankleman

(Bloomberg) — Royal Dutch Shell Plc may contract to build offshore wind farms in the U.K. and across Europe, after winning a bid to build one of the cheapest projects on record last year, Shell U.K. chair Sinead Lynch, said in an interview.

Europe’s biggest oil supplier is exploring opportunities across Europe for offshore wind, Lynch said at a press event on Wednesday at a Shell service station outside London, where she was opening the company’s first U.K. hydrogen refueling station.

Shell in December won a bid with Eneco Holding NV, Van Oord NV and a unit of Mitsubishi Corp. to build the Borssele III and IV wind farms with a combined capacity of 680 megawatts near the Dutch port city Zeeland. The power-purchase contracts to supply electricity at 5.45 euro cents (5.7 U.S. cents) a kilowatt-hour were the second-cheapest ever worldwide and slightly higher than the 4.99 euro cents a kilowatt-hour contract that Vattenfall won in September to build Denmark’s Kriegers Flak offshore wind farm.

Quote
“We are looking long and hard at how we might build a business in offshore wind,’’ she said.

Offshore wind meets Shell’s criteria for new technology investments of having scale, and being an area where it can compete “and win,’’ she said. Its experience in complex offshore project management naturally lends itself to the emerging renewable technology.

“It’s also about marketing energy so once you produce your wind you need to market the power,’’ she said.

© 2017 Bloomberg L.P

http://gcaptain.com/shell-looks-beyond-dutch-waters-offshore-wind-investments/

Agelbert NOTE: If this means SHELL is moving into Renewable Energy for real, and this is not just a marketing ploy like BP's "Beyond Petroleum" head fake into solar panels, then good for them. We shall see. At any rate, anything that gives Rex Tillerson and Trump (both mortal enemies of ANY Renewable Energy)  the Wind Power finger makes my day.    
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

 

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