Ocean Winds completed the acquisition of the remaining 50% stake in SouthCoast Wind Energy from Shell Energy.

Ocean Winds, an offshore wind energy company, completed the acquisition of the remaining 50% stake in SouthCoast Wind Energy, a proposed offshore wind farm, from Shell Energy, a supplier of gas, electricity and broadband. Financial terms were not disclosed. "In-line with our Powering Progress strategy, Shell continues to hone our portfolio of renewable generation projects in key markets where we have an advantaged position. We are grateful to Ocean Winds for their years of partnership within this venture, and continue to seek opportunities to provide more energy, with fewer emissions," Glenn Wright, Shell Energy Senior Vice President.