Shell has ditched two offshore wind farms in the North Sea as it continues its march away from renewable energy.
The oil and gas giant sold its 50 per cent interest in MarramWind to Scottish Power Renewables and returned its CampionWind lease to Crown Estate Scotland.
While Scottish Power Renewables – owned by Spanish utility Iberdrola – said it would continue the development of the MarramWind project, the future of CampionWind is in doubt.
Any delay would be a setback to Energy Secretary Ed Miliband’s push for Net Zero.
Under chief executive Wael Sawan, Shell has pivoted away from renewables and doubled down on oil and gas to boost investor confidence.
Shell shares rose 0.7 per cent yesterday.
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