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Posts Tagged ‘Wind Farming’

‘Green’ energy market to grow to £50bn

A market worth more than £50bn will be created for new wind, wave and tidal power equipment in British waters by 2020, the head of the new government-backed energy research and development group has said.

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Blown away

Many energy companies complain that the UK’s renewable energy subsidies are not generous enough: Shell, for instance, last year pulled out of the proposed London Array wind farm.

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Winds of change

Royal Dutch Shell has quit the UK altogether after pulling out of its two remaining projects –London Array being one of them – in recent months. James Smith, chairman of Shell’s UK business, told The Sunday Times: “When we think about renewables in the UK, it is going to be biofuels rather than wind.”

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NedPower Mount Storm Wind Project Completed

Dominion and Shell WindEnergy Inc. announced today the completion of the NedPower Mount Storm LLC wind energy project in which they each own a 50% interest. Sited along the high ridges of West Virginia, the project is now fully operational, generating up to 264 megawatts of electricity from a renewable energy source for the mid-Atlantic power grid.

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Dominion, Shell Complete NedPower Mount Storm Wind Project

Dominion and Shell WindEnergy Inc. (Shell) announced today the completion of the NedPower Mount Storm LLC wind energy project in which they each own a 50 percent interest. Sited along the high ridges of West Virginia, the project is now fully operational, generating up to 264 megawatts of electricity from a renewable energy source for the mid-Atlantic power grid.

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Shell consortium to pull out of UK wind project

British oil major Royal Dutch Shell Plc (RDSa.L:Quote, Profile, Research, Stock Buzz) confirmed on Sunday that the company and its partners have withdrawn from a major UK wind energy project.

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Shell to quit wind projects

Less than a month ago, Shell denied a Sunday Times report that it had exited the project. However, on Friday the company confirmed that it had no plans for further investment in the UK wind sector.

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Will the hoped-for green jobs materialise?

Although BP and Shell have pulled out of the UK offshore market, others such as Masdar, the Abu Dhabi government’s investment vehicle for sustainable energy, moved to fill the gap. Masdar acquired a 20 per cent stake in in the £2bn London Array offshore wind project after Shell walked away.

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As Kermit the Frog observed, it’s not easy being green.

Royal Dutch Shell and Anglo American yesterday became the latest natural resources companies to shelve a clean energy scheme. Their joint A$5bn project in Australia to convert coal into liquid fuels may go ahead, eventually, but not with development costs this high and an oil price this low.

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Stranded but not sunk amid a deepening financial storm

In May, Shell provoked uproar when it withdrew from the world’s largest offshore windfarm – the London Array in the Thames Estuary – after the costs allegedly had risen from £1 billion in 2003 to £3 billion.

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