By Jaime Llinares Taboada
Royal Dutch Shell PLC said Thursday that it has signed a deal with renewable energy company Simply Blue Group to develop a floating wind farm off the coast of Ireland.
The oil-and-gas company will take a 51% stake in Simply Blue's Western Star venture, which will seek to build up to 1.35 gigawatts of power generation capacity, including 300-450 megawatts in the first phase.
"Floating wind technology can be installed in deeper waters than fixed wind turbines allowing this project to be placed 35km-60km offshore, keeping visual impact to a minimum," Shell said.
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(END) Dow Jones Newswires
November 18, 2021 10:00 ET (15:00 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.