Last November, the two companies signed an agreement under which Shell agreed to acquire a 51% stake in the Western Star venture, which aimed to develop a floating wind facility offshore from Ireland’s Clare coast.
Under the agreement, both Simply Blue Group and Shell agreed to develop the 1.3GW floating wind project in two phases.
In a statement, Shell said: “This is a portfolio decision for Shell, for whom offshore wind remains a key growth area and integral to the delivery of their Powering Progress strategy.
“The company has more than 13GW of wind capacity in operation, under construction, and in the funnel of potential projects, including a 50% stake in 5GW of floating wind projects in Scotland.”
Simply Blue Group said that it will continue to focus on delivering the Emerald and Western Star projects as part of its 10GW global project pipeline.
The two projects have a combined capacity of 2.65GW and will increase Ireland’s floating offshore wind power capacity.
In a statement, Simply Blue Group said: “Simply Blue Group is progressing towards a new strategic partnership, building on the momentum of both projects to deliver government targets for Phase II of Ireland’s offshore wind development.”
The JV combines TotalEnergies’ knowledge in developing large-scale offshore projects with Simply Blue Group’s experience with floating wind power facilities, as well as a team of US offshore wind industry experts.
It will develop projects with the potential to supply clean energy to millions of homes.