Shell gets hold of French floating wind power specialist Eolfi
Giant oil company Shell has announced its intention to purchase Eolfi. The small French company is a renowned expert and pioneer in the field of offshore floating wind power. Like others from the oil industry, Anglo-Dutch Shell seeks to invest in renewable energy.
“Eolfi seemed interesting to us as it represents an ensemble of technologies and know-how in the wind power sector. Shell will add the financial power and international aspect,” declares Shell France president, Vincent Baril.
Offshore wind power
The small French company Eolfi is a pioneer in wind power and especially for offshore applications. Their floating wind turbines can harvest wind and produce electricity where the seas’ depths are too important for a fixed solution (+ 30 meters).
Created back in 2004, Eolfi employs 65 people. The Shell purchase will not change any plans. The French company will continue with its current projects, such as the pilot farm on the Britannia coast.
“We estimate that offshore wind power presents huge potential. At the moment, the technology is about ten years behind fixed wind power, particularly in terms of cost management and the supply chain. Still, the goal is to make it competitive,” declares Stéphane Cicolella, Shell France’s energy transition manager.
That being said, climate protection associations still blame big oil companies such as Shell to only invest a few million dollars or euros into renewable energy while still investing loads into fossil fuels. “Shell is an important industrial group. Completely turning it around into a clean, renewable energy group will not happen overnight. In the last few years, we’ve invested between one and two billion (of dollars) per year into new energies,” declares Vincent Baril.