Shell to sell stake in world’s largest offshore wind farm development

1 May 2008 – Royal Dutch Shell plans to sell its stake in the world’s largest planned wind farm, as it shifts its wind power focus to the United States where it says government incentives offer competitive returns.

“As part of an ongoing review of projects and investment choices, Shell has taken the strategic decision to look at disposing of its shareholding in London Array,” the Anglo-Dutch oil major said in a statement.

Shell is one of three shareholders in London Array, which will involve building a wind farm with up to 341 turbines over 20km (12 miles) from the Thames Estuary, east of London.

German utility E.ON and Denmark’s state-controlled DONG Energy are the other partners.

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