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Shell denies selling stake in UK wind farm

Reuters

Sun Oct 19, 2008 1:02pm ED

By Matthew Scuffham

LONDON, Oct 19 (Reuters) – British oil major Royal Dutch Shell (RDSa.L: Quote,ProfileResearchStock Buzz) has denied a report that it has withdrawn from the UK wind energy sector by agreeing to sell its stake in a project off the Blackpool coast to partners Scottish Power (SPW.PZ: QuoteProfileResearchStock Buzz) and Denmark’s Dong Energy.

The Sunday Times said Royal Dutch Shell had agreed to sell its stake in the 800 million pound ($1.39 billion) Cirrus Shell Flat Array, a 250 megawatt project.

“This article is completely wrong. We have not sold our stake,” a spokesman for the group told Reuters.

However, he added that the project was under review because of safety concerns for aircraft in the area.

“The three parties are considering the next step with regard to the future of the Cirrus Array project due to unresolved aviation concerns,” he said. (Editing by Will Waterman)

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