Shell buys floating wind developer Eolfi


Shell has signed an agreement to buy French floating offshore wind developer Eolfi.

The acquisition is still subject to regulatory and ministerial approval and expected to be finalised this December.

“Eolfi has been a pioneer of floating wind development. We believe the union of Eolfi’s expertise and portfolio with Shell’s resources and ability to scale-up will help make electricity a significant business for Shell,” Shell offshore wind vice president Dorine Bosman said.

Eolfi is developing the 28.5MW Groix&Belle Ile floating offshore wind test farm off the coast of Brittany. The project will be powered by three Vestas V164-9.5MW turbines and is scheduled to go live before the end of 2022.

The developer is cooperating with CGN Europe Energy and la Banque des Territoires. Naval Energies will be providing the floating platforms.

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Upon completion, the floating wind farm will be a wholly-owned subsidiary of Shell.

Eolfi currently employs 65 staff in Paris, Lorient and Marseilles and has developed more than 200 onshore and offshore renewables projects in five countries.

The investment isn’t Shell’s first floating wind acquisition – it is also a major shareholder in Tetraspar Demo – a new floating turbine foundation, that offers more efficient manufacturing, assembly and installation leading to lower costs.

The announcement serves to reinforce Shell’s commitment to wind technology

Read more of the latest news on wind energy here.