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Royal Dutch Shell’s Wind Exit The UK Impact

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Report Summary

Royal Dutch Shell’s Wind Exit The UK Impact

Summary

With the growing energy demand worldwide, Royal Dutch Shell has been actively focusing on the expansion of its operational portfolio by seeking to continue making progress on renewable energy projects in hydrogen, wind, advanced solar technology and second generation biofuels. Despite its strategic focus on green energy initiatives, the company has been investing a mere 1% of its revenues on renewable energy projects. To add to this, the company has recently drawn huge criticism for jeopardizing one of the world’s largest planned wind farm projects in the UK - the offshore London Array project.

Scope

• GlobalData viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the alternative energy industry across the world.

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Table of Contents

1 Table of Contents 2
1.1 List of Figures 4
2 GlobalData Viewpoint 5
2.1 Summary 5
3 Royal Dutch Shell’s Wind Exit: The UK Impact 6
3.1 Forces Driving the Decision 6
3.2 London Array Significance and its Impact on the UK 7
3.3 Conclusion 8
4 Recent Developments 9
4.1 Mar 08, 2008: BEWA Welcomes UK’s Decision To Relax Planning Rules For Small & Micro Wind Projects 9
4.2 May 07, 2008: Shell Endorses Proposals To Accelerate Deployment Of Carbon Capture And Storage 9
4.3 May 04, 2008: Shell Pulls Out Of UK’s Wind Power Project 10
4.4 May 02, 2008: Shell To Sell Its Stake In Wind Farm 12
4.5 Mar 17, 2008: Shell Provides Strategy Update For March 2008 12
4.6 Feb 25, 2008: UK To Fund GBP400 Million For Low-Carbon Activities 14
4.7 Jan 24, 2008: BWEA Welcomes EU's Green Energy Revolution 15
4.8 Jan 22, 2008: Britain To Build Wind Turbines To Meet EU's Target 17
4.9 Jan 18, 2008: EU To Set 15% Renewable Energy Target To UK 17
4.10 Dec 07, 2007: BEWA Welcomes New Offshore Wind Proposal 18
4.11 Feb 09, 2007: UK Commissions 2 GW Of Wind Energy At Braes Of Doune Wind Farm 19
4.12 Dec 21, 2006: UK Updates On Wind Energy In 2006 21
4.13 Dec 18, 2006: London Array Receives Government Support 21
4.14 Sep 12, 2006: London Array To Appeal Council Decision Over Onshore Substation 23
4.15 Jun 07, 2005: London Array Submits Consents And Planning Application For Offshore Wind Farm Project 24
5 Appendix 27
5.1 Methodology 27
5.2 Definitions 28
5.3 Contact Us 28
5.4 About GlobalData 28
5.5 Disclaimer 28



1.1 List of Figures
Figure 1: GlobalData Methodology 27