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.