Shell floating wind deal ‘sensible’ but won’t herald investment revolution, analyst says
The timing of oil giant Shell’s decision to acquire French floating wind firm Eolfi is “very sensible”, but isn’t likely to herald a revolution in how it invests its money, according to a top energy expert.
Adam Forsyth, head analyst at Longspur Research, said that while he considers the move to be a wise investment for Shell, he’s not entirely convinced that a great number of super-majors will follow.
He said: “It seems very sensible for Shell to be making this acquisition.
“Because Eolfi are in France and they have a roadmap that will see companies tendering for 752,000MW offshore wind as part of that process.