Shell is acquiring the French offshore wind developer Eolfi. The Anglo-Dutch oil major, which wants to be on the “right side of history”, is increasing its investments in renewables. Having such a committed player now in France is positive for the domestic supply chain. With the ambition of reducing its net carbon footprint by half by 2050, this acquisition is further evidence of the potential of offshore wind in light of the energy transition.
08 Nov 2019
Shell acquires a French offshore wind developer
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Shell acquires a French offshore wind developer
Dolfines SA (ALDOL:PAR) | 0 0 0.0% | Mkt Cap: 7.69m
- Published:
08 Nov 2019 -
Author:
Kevin VO -
Pages:
2
Shell is acquiring the French offshore wind developer Eolfi. The Anglo-Dutch oil major, which wants to be on the “right side of history”, is increasing its investments in renewables. Having such a committed player now in France is positive for the domestic supply chain. With the ambition of reducing its net carbon footprint by half by 2050, this acquisition is further evidence of the potential of offshore wind in light of the energy transition.