Shell enters Europe wind power market with Spain buy
Country: THE NETHERLANDS
Shell said in a statement that it bought the stake in the La Muela Wind Park from TXU Europe Energy Trading BV in a deal that "marks the beginning of commercial-scale wind operations in Europe for the Royal Dutch/Shell group of companies".
La Muela has a total capacity of 99 megawatts, Shell said.
Shell already owns four wind parks in the United States, and announced separately yesterday that it would build a fifth -- its biggest to date -- in Texas.
The 160-megawatt Brazos wind farm in Texas will be constructed in a 50-50 joint venture with Padoma Wind Power and is due to be completed by the end of this year, Shell said.
Shell WindEnergy currently operates in the United States and Europe -- where it already participated in two experimental projects in Britain and Germany -- but is looking at emerging markets for possible future expansion, Shell spokesman Simon Buerk told Reuters.
"We're keeping a watching brief on emerging markets for future entry," Buerk said.