Shell Cancels Plans for Scottish Offshore Wind Projects

Shell Plc canceled plans to build two wind farms off the coast of Scotland as the British oil major pulls back from significant investments in the sector.

Shell had previously been in two joint ventures with Iberdrola SA’s ScottishPower Renewables division to develop the CampionWind farm and the MarramWind farm. The companies swapped stakes in the projects, leaving Shell as the sole owner of the CampionWind project. It subsequently returned the lease for the wind farm to Crown Estate Scotland, according to an emailed statement from Shell.