The Shell-led consortium developing the Borssele 3&4 offshore wind farms in Dutch waters confirmed it is looking for new investors in the project, with one report claiming the existing partners are seeking to reduce their current holding by almost half.

The oil group, Dutch partners Van Oord and Eneco, and Japanese industrial giant Mitsubishi, won the offshore zone in the Netherland’s December 2016 auction round with a bid of €54.50/MWh