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London Array offshore Wind farm

Wealthy oil firm Shell has decided to sell its 33 per cent stake in the £2bn London Array offshore wind farm off the coast of Kent . The move has thrown into doubt the future of the UK's flagship and world's largest offshore wind farm.
Analysts blame the high price of oil (about $120 a barrel) for Shell's return to hydrocarbons at a time when they reported a first quarter profit for 2008 of £4bn. Shell has also sold off much of its solar business while moving more into Canada's carbon-heavy tar sands.
Shell's partner, E.ON, confirmed that they remain committed to the scheme, but warned that Shell's move had endangered the project.

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