Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Shell plans to bid in Norway's 1st offshore wind tender

Thu, 17th Jun 2021 16:02

OSLO, June 17 (Reuters) - Oil major Shell teamed up
with Norwegian utilities BKK and Lyse to bid in the Nordic
country's first offshore wind tender expected next year, the
companies said on Thursday.

Shell has been active in oil and gas extraction on the
Norwegian continental shelf for several decades, and like many
of its peers sees offshore wind as a cross-over technology in a
bid to become carbon neutral in its operations.

"We see Norway as interesting both in the perspective of
supplying enough renewable energy to Europa and to develop
floating offshore wind solutions that can become commercially
viable," said Hessel de Jong, head of Shell's European offshore
wind business.

The partners said they were planning to bid to build both
floating and bottom-fixed wind power turbines on the Norwegian
continental shelf.

Norway has designated two North Sea areas - Utsira Nord and
Soerlige Nordsjoe II - to build a total of 4.5 gigawatt (GW) of
offshore wind power capacity.

BKK, based in Bergen, and Lyse,
headquartered in Norway's oil capital Stavanger, are among
Norway's biggest hydropower producers and operators of local
power grids.

Norway's offshore wind plans have attracted a lot of
interest from domestic and foreign energy firms, including
Equinor, Danish Orsted and BP.

(Reporting by Nora Buli, editing by Nerijus Adomaitis; editing
by Jonathan Oatis)

Related Shares

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.