By Jaime Llinares Taboada

Royal Dutch Shell PLC said Thursday that it has signed a deal with renewable energy company Simply Blue Group to develop a floating wind farm off the coast of Ireland.

The oil-and-gas company will take a 51% stake in Simply Blue's Western Star venture, which will seek to build up to 1.35 gigawatts of power generation capacity, including 300-450 megawatts in the first phase.

"Floating wind technology can be installed in deeper waters than fixed wind turbines allowing this project to be placed 35km-60km offshore, keeping visual impact to a minimum," Shell said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

November 18, 2021 10:00 ET (15:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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