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Shell Energy Europe to buy power from Dutch offshore wind farm

Published 19 December 2016

Shell Energy Europe has entered into an offtake agreement for 100% of the power generated from Offshore Wind Farm Egmond aan Zee (OWEZ) in the Netherlands.

Shell Energy Europe will supply the power generated from the wind farm to industrial and commercial customers in Europe seeking to meet their business needs with renewable energy.

Shell Energy Europe North West Europe general manager Jonathan McCloy said: "This agreement allows us to develop our expertise in wind management as well as establish Shell Energy Europe as an active participant in the renewable electricity market in Europe.

“Our experience and growth in power trading and power asset management enables us to maximize the value of an asset and optimize the supply and offtake of generation plants.”

OWEZ began operations in 2006. OWEZ is operated by NoordzeeWind, a 50/50 joint venture between Nuon (part of Vattenfall) and Shell.

The deal is in line with Shell’s intent to build its capability in certain areas relating to new energies, as set out in Shell’s Capital Markets Day presentation in June.

Source: Company Press Release