Shell: This Is the Right Time for Investing in Wind Energy (Expertise Hub)
Shell has not only taken its first steps in the offshore wind sector but is also increasingly investing in new energies, along with being part of the wind industry through its lubricant products, according to Richard Tucker, Shell General Manager B2B Lubricants and Supply Chain Technology.
He added that the wind energy sector annually spends around USD 8 billion on maintenance and these are increasing by some 10% each year. This is where Shell is also supporting the industry, since using the right approach and products can increase reliability and drive down the maintenance costs, Tucker said, referring to a new report Investing in peak performance, which Shell recently issued jointly with DNV GL.
This is the right time to be investing in wind energy, Richard Tucker said, since the geopolitical forces are there and the cost of producing electricity from wind is coming down.
With wind energy to make up for around a third of global electricity production by 2050, there is a strong case for energy suppliers to be part of that energy landscape.
You can learn more about offshore wind in terms of energy transition and future energy landscape at this year's Offshore Wind Conference on 22 and 23 October in Amsterdam.