Heading offshore for energy
Shell has today joined the Offshore Wind Accelerator. The initiative, run by Carbon Trust, aims to reduce the cost of offshore wind, overcome market barriers, develop industry best practice and trigger the development of new industry standards.
The oil giant joins the likes of E.ON, Innogy SE, Orsted, ScottishPower Renewables/Iberdrola, and Vattenfall Wind Power on the project.
Shell says the OWA is a good example of collaboration between public and private sectors, with the R&D programme will be key to delivering technical, commercial and financial innovations for sustainable offshore wind opportunities.
The company is investing £1.4bn in new renewable energies, such as offshore wind and hydrogen fuelling.