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Shell plans floating wind project off the Norwegian coast

The Anglo-Dutch fossil fuel giant will take a majority stake in the development company that hopes to prove that the cost of floating wind projects could fall significantly using innovating approaches.

Shell has increased its share of the project from an initial one third stake to almost two thirds, alongside German renewables company Innogy and Denmark’s Stiesdal Offshore Technologies.

The project company plans to test the new wind power technology six miles off the Norwegian coast by 2020.

A single 3.2MW turbine will be secured to a tubular…

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