Oil & Gas Companies to Cause Clash of Giants in Offshore Wind?

Shell has created a new division called New Energies, through which the oil and gas giant will invest in wind energy, along with its hydrogen, biofuels and electrical activities, according to The Guardian. Even though Shell has not officially confirmed this, it is expected that the new unit will be unveiled in early June.

Last week, it was announced that the companysubmitted a bid, together with major Dutch offshore wind players – Eneco and Van Oord – to build first two offshore wind farms in Dutch Borssele Zone. They are competing with RWE-Macquarie Capital consortium, Vattenfall and, according to some media, DONG Energy.

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