Shell Halts Offshore Wind Investments
This is a news story, published by Yahoo Finance, that relates primarily to Shell Energy news.
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new offshore wind developmentsReuters
•Exclusive-Shell slows investments in offshore wind, splits power business
80% Informative
Shell Energy will be split into two separate power generation and trading units.
The changes are part of a company-wide review launched in 2023 aimed at reducing costs.
The company in recent months has retreated from several offshore wind projects.
Shell and other major energy companies have in the past touted offshore wind as a key market.
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