Friday, August 17, 2018
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Shell sells stake in Dutch wind farm to Switzerland’s Partners Group

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Terms of Partners Group’s participation in the “Blauwwind II” consortium were not disclosed. Project leader Shell, which last month put together a 13-bank consortium to provide 1 billion euros in funding to build it, cut its stake to 20 percent from 40 percent. Eneco, which disclosed on Monday it had agreed to buy 50 percent of the output from Borssele 3 and 4, cut its stake in ownership of the project to 10 percent from 20 percent. Shell has said it intended to continue investing in major offshore wind projects, arranging the highest-risk f... Read More »

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