By Karolin Schaps | LONDON
Royal Dutch Shell (RDSa.L) wants to buy into the British and German offshore wind markets as it attempts to shift its business away from fossil fuels.
Immediate opportunities in the world’s biggest offshore wind markets will be through buying stakes in leases, rather than building new projects, Dorine Bosman, business operations manager for Shell’s wind business, told Reuters on Tuesday.
The world’s second-biggest oil major on Monday won a contract to build 700 megawatts (MW) in offshore wind capacity off the Dutch coast together with consortium partners Eneco, Van Oord and Mitsubishi/DGE.
Shell has been forced to slash billion of dollars in costs due to weak oil and has started to ramp up investments in the green energy sector to build a strategy beyond fossil fuels.
“We’re looking at (offshore wind) opportunities in the UK and Germany,” Bosman said.
Shell, which is under growing pressure from shareholders to diversify, is studying acquisitions in the green energy sector, its chief executive told Reuters last month.
It won the latest Dutch offshore wind tender round offering a strike price of 54.5 euro per megawatt-hour (MWh), a quarter below the last tender which was won by Denmark’s Dong Energy (DENERG.CO) in July for 72.7 euro per MWh.
Bosman said Shell and its partners were able to bring costs down by eliminating duplications and bottlenecks early on because they worked together from the start.
Some of Europe’s biggest offshore wind farm developers are Dong Energy, Sweden’s Vattenfall [VATN.UL] and German utilities E.ON (EONGn.DE) and Innogy (IGY.DE).
(Editing by Alexander Smith)
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
