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Shell snaps up French floating wind firm

Oil giant Shell has today announced a deal to buy up a 100% stake in a French floating wind firm.

Shell has agreed to purchase 100% of Brittany-headquartered Eolfi, a French renewable energy developer specialising in floating wind projects.

The firm said the deal would “enhance” Shell’s existing wind team and a floating wind pilot project – in conjunction with Innogy and Stiesdal Offshore Technologies.

It said the deal was also “a significant step for Shell in France”, where Shell will look to grow its offshore wind business. read more

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