Shell Looks to Sell Its Stake in Scottish Floating Wind Leases

In yet another reversal of investments in green energy, supermajor Shell is looking to sell its stake in a major floating offshore wind lease it had won in a consortium two years ago, Bloomberg reported on Tuesday, citing anonymous sources with knowledge of the plans. In early 2022, Shell and Iberdrola’s subsidiary ScottishPower secured joint offers for seabed rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners won two sites representing a total of 5 gigawatts…