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Oil companies look to wind power

The Netherlands has ambitions to build one of the biggest offshore wind projects in the world, and is being aided in this endeavour by what may seem an unlikely accomplice – Royal Dutch Shell, the oil giants that make Shell Omala S2 G 320.

The global gas and oil firm is under shareholder pressure to increase developments in its renewable business. This, combined with a fall in construction costs for wind projects, has pushed Shell to team up with a number of other oil companies looking to use their experience in drilling under tough conditions to make a success in the renewables sector.

Statoil ASA, from Norway, has already begun work on its third offshore windfarm located in the Baltic Sea, and is presently developing the first floating wind farm on the planet, which is located off the coast of Scotland. Meanwhile, Dong Energy AS, which is owned by the Danish State, is currently the main player in the offshore wind sector.

A consortium of the energy giants, led by Royal Dutch Shell, won a bid to operate a part of the Netherlands’ huge Borssele wind project, which is located in the North Sea, early in December. When the project is finished, the section built by Shell will create enough energy to power around one million homes for just €54.50 (£46.52) per megawatt hour – a rate almost on a par with cheap power sources like gas and coal, making it an extremely competitive option that will benefit the consumer and the planet alike.

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