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Posts Tagged ‘London Array’

SSE in £308m wind farm deal with RWE

Yesterday's deal was a fillip for the offshore market, which took a blow this year when Shell pulled out of the biggest planned offshore wind farm, the London Array, amid spiralling costs. Dong Energy and Eon, the other partners in the London Array, found a new partner in Abu Dhabi's Masdar initiative last month.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The dawn of a disturbing new reality

Royal Dutch Shell has dropped its proposed investment in plans to build the world's biggest offshore wind farm, the London Array, to concentrate on less risky US onshore wind power.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell pulls out of its last UK wind farm project

The decision will also anger environmentalists already critical of Shell’s push into dirty-fuel sources such as Canada’s tar sands.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Middle East Oil Invests in British Wind Project

The $4.75 billion project quickly became known as London’s “disarray” after Shell pulled out...

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Gulf state rescues £3bn wind farm in the Thames Estuary

The Government of Abu Dhabi has stepped in to help to fund the world’s biggest offshore wind farm in the Thames Estuary after the withdrawal of Royal Dutch Shell from the project.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Denmark to Build Country’s Biggest Offshore Wind Park

Dong, based in Skaerbeak, Denmark and E.ON AG of Dusseldorf, Germany, last month bought Royal Dutch Shell Plc's stake in London Array, a planned 1,000 megawatt development of as many as 341 turbines off the southeast coast of Britain, after Shell said offshore wind costs had become too high.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Former Shell Exec Paddy Briggs comments on Shell’s sale of its stake in the London Array Wind Farm

By Paddy Briggs

This is important news. These two major companies would not have made this investment if they did not think that the project was viable. So Shell’s withdrawal has nothing to do with the inherent merits of the project but with their continued aversion to activities away form their core hydrocarbon business. As a shareholder I have no problem with this. As Tom Peters wisely said – STICK TO YOUR KNITTING !

What I object to, however, is the continued claims by Shell and other Oil Majors that they are genuinely interested in “Renewables”. The reality is that they have neither the time nor the skills nor the imagination to be heavily involved in Wind Energy (etc.). The number of staff, the capital investment and the revenue expenditure on Renewables is minuscule compared with the core hydrocarbon business. But the rhetoric in the corporate advertising of Shell and the rest is quite disproportionate to this reality. It really is utterly hypocritical. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Renewable energy: European utilities acquire Shell’s stake in world’s largest offshore windfarm

Shell decided to withdraw from the project in May after a strategic review saying it did not meet its financial rates of return.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell Sells Wind-Project Stake

The U.K. arm of German utility E.On AG and Denmark-based DONG Energy said they bought Royal Dutch Shell PLC's stake in the U.K.'s London Array offshore wind project for an undisclosed sum, giving each company a half share in the project.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell sells wind stake to Eon and Dong Energy

Under a settlement reached last week, the utilities agreed to divide Shell’s one-third stake evenly between them. Eon and Dong will now own 50% each.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

E.ON, Dong Close to Buying Shell London Array Stake

July 18 (Bloomberg) -- E.ON AG and its Danish partner Dong Energy A/S are close to buying Royal Dutch Shell Plc's 33 percent stake in the London Array wind farm...

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Dong May Buy Shell’s London Array Stake With E.ON, Borsen Says

The Danish utility is in talks with Shell to purchase its interest together with E.ON...

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Supplier warns of higher energy prices

Questions have also been raised over its planned investment in the London Array, which would be the world's largest offshore wind farm, where costs have risen sharply and Royal Dutch Shell, one of the three partners, has decided to pull out.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Letters to The Guardian: Shell ditches renewables stake

Google Images: Shell Logo

Following the government’s recent re-embrace of nationalisation, and Shell’s decision to withdraw from the London Array project (Shell ditches renewables stake, May 1), how about bringing Shell’s share into public ownership, financed by an appropriate levy on Shell’s rapidly increasing profits? 
Dr Martin Thomas 
Faversham, Kent

http://www.guardian.co.uk/theguardian/2008/may/03/5

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

In search of some wind in their sails

Shell may have been concerned by the rising price of offshore wind, but it is seriously misguided if it thinks that concentrating its efforts on extracting the remaining fossil fuels is a better bet than renewables in the medium or long term.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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