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Shell Abandons Two Major UK Offshore Wind Projects
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Why This Matters
Shell has abandoned two major offshore wind projects in Scotland, further scaling back its investment in renewable energy, following a similar move in the US.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore Wind project in the United States. Offshore Scotland, Shell sought to develop the MarramWind project in a 50/50 joint venture with ScottishPower Renewables, and to build the CampionWind offshore wind farm…
Original article published by
OilPrice.com
on November 10, 2025.
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