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Shell acquires floating wind farm developer EOLFI

07/11/2019
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EOLFI, a French renewable energy developer which specialises in floating wind farm projects, has announced this week that it is to be acquired by Shell as the Anglo-Dutch oil major seeks to enhance its existing wind energy portfolio.
Shell acquires floating wind farm developer EOLFI
(Image via EOLFI).

Shell has identified France as an area ripe for offshore wind development and the acquisition of EOLFI, which has to-date developed over 200 onshore and offshore renewable energy projects in 5 countries, will enable this.

Since 2012, EOLFI has specialised in floating offshore wind power and has over 65 professionals across offices in Paris, Lorient, Marseilles and Montpellier.

Commenting on the acquisition, Dorine Bosman, VP Offshore Wind Shell, said:

“EOLFI has been a pioneer of floating wind development. We believe the union of ELOFI’s expertise and portfolio with Shell’s resources and ability to scale-up will help make electricity a significant business for Shell.”

Alain Delsupexhe, Founder of ELOFI, said:

“EOLFI joins the Shell group at the time when the market of floating wind is taking off globally. Since our creation in 2004, ELOFI has been a pioneer in renewable power. ELOFI’s heritage in floating wind combined with Shell’s offshore expertise and global footprint will enable us to expand offshore, but also onshore with our wind and solar photovoltaic projects as part of Shell New Energies division. Joining forces with Shell will enable us to continue our mission of producing renewable and competitive electricity.”

ELOFI and partners are developing a pilot floating wind project in France, off the coast of Brittany. Pending approvals, this project will see the installation of three wind turbines on semi-submersible floats in water depth where fixed turbine foundations are not suitable. The development of floating wind technology could open up access to more locations for offshore wind, including zones with strong stable winds that are further from shore.

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Shell acquires floating wind farm developer EOLFI - Time to read 2 min
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