Shell seeks to sell stake in big UK wind project

LONDON, May 1 (Reuters) - Royal Dutch Shell Plc RDSa.L plans to sell its stake in one of the UK's largest planned wind farms, as it shifts its wind power focus to the United States where it says government incentives offer competitive returns.

“As part of an ongoing review of projects and investment choices, Shell has taken the strategic decision to look at disposing of its shareholding in London Array,” the Anglo-Dutch oil major said in a statement on Thursday.

Shell is one of three shareholders in London Array, which will involve building a wind farm with up to 341 turbines over 20km (12 miles) from the Thames Estuary, east of London.

German utility E.ON AG EONG.DE and Denmark's state-controlled DONG Energy are the other partners. (Reporting by Tom Bergin; Editing by David Holmes)


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.