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Shell Agrees to Buy 51% Stake in Irish Floating Wind Project

  • Venture to start at 300MW, has potential to scale up to 1GW
  • The company did not disclose the value of the acquisition
World's First Floating Offshore Windfarm
Photographer: Carina Johansen/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.