UK supermajor Shell will pull out of two offshore wind investments in Ireland run by developer Simply Blue Group, which is now looking to secure new partners.
The companies issued a joint statement attributing Shell’s divestment to a “portfolio decision”.
The Irish project, which the oil major signed up to last year, consists of two offshore floating wind operations.
The Emerald and Western Star projects off the coast of Cork and Clare will have a nameplate combined capacity of 2.65 gigawatts of floating offshore wind power.
Simply Blue Group said it will seek a new partner to replace Shell.
The company has a global pipeline of wind projects totalling 10 gigawatts in capacity.
Shell first acquired 51% of the Western Star project in 2021 for an undisclosed amount.
Offshore wind “remains a key growth area” for the company despite the divestment, Shell said, citing its more than 13 GW of wind capacity in operation or in development.