Shell has confirmed its intention to enter the UK ’s offshore wind market with plans to bid for a seabed lease when it is tendered in the coming year . (wind) market,” Mark Gainsborough, executive vice president at New Energies, told Reuters in an interview. Mark Smith , executive vice - president at Shell New Energies , said the company “ absolutely would like to get a position in the UK offshore [ wind ] market ” , which could involve Shell buying stakes in , or acquiring , existing projects . The strategy has already proved successful in the US and further progress would form part of Shell ’s efforts to spend between $ 1bn and $ 2bn annually on green technology .
Shell has confirmed its intention to enter the UK ’s offshore wind market with plans to bid for a seabed lease when it is tendered in the coming year . Mark Smith , executive vice - president at Shell New Energies , said the company “ absolutely would like to get a position in the UK offshore [ wind ] market ” , which could involve Shell buying stakes in , or acquiring , existing projects . The strategy has already proved successful in the US and further progress would form part of Shell ’s efforts to spend between $ 1bn and $ 2bn annually on green technology .