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Shell has signed an agreement to buy 100% of Eolfi, a French renewable energy developer specialised in floating wind projects. The acquisition is subject to regulatory and ministerial approvals and is expected to complete in December 2019.
Eolfi has over 65 professionals across offices in Paris, Lorient, Marseilles and Montpellier. They have developed over 200 onshore and offshore renewable energy projects in 5 countries. Since 2012, Eolfi has specialised in floating offshore wind power. Eolfi 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. Upon completion Eolfi will be a wholly owned subsidiary of Shell and will be fully integrated.
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