Shell Betting on US Wind

From the Financial Times:

The growing importance of wind power originally drew Shell into what was set to be the world’s biggest offshore wind farm, the 1 gigawattLondon Array, that put the UK in line to be the world leader in building offshore wind farms. But on May 2 Shell said it was selling its stake in the project to turn attention to North America.

Mr Williams draws attention to the large tracts of available land in unpopulated areas in the US and Canada that enable cheaper on-shore expansion, against the more expensive option of developing offshore projects in Europe.