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Posts Tagged ‘Wind Farming’

Largest wind farm rescued by state

Last year Royal Dutch Shell, one of the original partners alongside Eon and Dong Energy of Denmark, pulled out, saying it wanted to concentrate on onshore wind in the US, where the technology had a longer record and the returns were more certain. Shell has since said it plans no new investment in wind power because oil and gas projects offer better returns.

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UK hopes Europe can save offshore wind farm

The London Array project has been struggling since last May when Shell, the oil company, withdrew its support, citing spiralling costs. A string of companies have cut their investments in the sector in recent months, including Shell and BP.

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Green Digest

Shell has made the same decision and sold out of its wind interests. Last month the company also said it was pulling out of solar and hydrogen technologies. The oil giants have been rethinking their operations since the oil price plunged from $145 a barrel to $50.

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State intervention vital if Britain is to meet its green energy targets, says former BP boss

Britain must revert to greater state control of energy markets to hit ambitious targets on renewable energy and climate change, according to the former head of BP.

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Green energy is not such a breeze

One by one, the energy giants that hoisted green flags and trumpeted their conversion to renewables are ducking and diving and hiding behind the curtains. Iberdrola, a big investor in wind farms in Spain and the owner of ScottishPower, is slashing its spending on renewables by 40 per cent. Shell said recently it would no longer invest in wind turbines, preferring to focus its efforts on new biofuel technology, while BP has opted out of the UK renewables market, deeming it to be a poor bet.

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Fears for ‘green energy’ after investment is slashed

Shell and BP have shelved or pulled out of renewable energy projects, including a £3 billion project for 341 turbines in the Thames Estuary, and questions have been raised over the future of npower’s £2.2 billion Gwint y Mor farm off the Welsh coast.

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Shell goes cold on wind, solar, hydrogen energy

LONDON (Reuters) – Oil Major Royal Dutch Shell Plc doesn’t plan to make any more large investments in wind and solar energy in the future and does not expect hydrogen to play an important role in energy supply for some time.

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Energy companies need more help if they are to exploit offshore options

Lord Smith of Finsbury, chairman of the Environment Agency, recently cited Shell’s withdrawal from the London Array last summer as an example of the “green drain” out of Britain.

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Chill wind as companies pull out of projects

Shell made a similar announcement when it pulled out of the London Array last summer, leaving Eon and Dong, the other partners, to find a replacement.

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Abu Dhabi has second thoughts about London Array and wind power

The London Array project, a plan to build 341 turbines with the capacity to generate 1,000 megawatts of electricity – more than that produced by most of the nuclear reactors in Britain – has been in trouble since last May, when Shell pulled out of the project, citing spiralling costs.

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