Shell Acquires Floating Wind Company EOLFI

Shell has signed an agreement to buy 100% of EOLFI, a French renewable energies developer specialised in floating wind projects. The acquisition is subject to regulatory and ministerial approvals and is expected to complete in Dec 2019.

This acquisition brings specialist expertise to enhance Shell’s existing wind team and a floating wind pilot project which is an opportunity to leverage our offshore experience and project management expertise. This is also a significant step for Shell in France, where Shell sees opportunity to grow the offshore wind business.  Dorine Bosman, VP Offshore Wind Shell said, “EOLFI has been a pioneer of floating wind development. We believe the union of EOLFI’s expertise and portfolio with Shell’s resources and... ... More: Official Press Release EOLFI

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Shell, EOLFI, France, floating, offshore, wind turbine, wind business, acquisition, global, investment