Wind Power

Shell Linked to Takeover of Vestas

[The Guardian] The oil major Shell was linked yesterday to a possible $3.5bn (GBP2bn) takeover of a leading wind turbine manufacturer, adding to the excitement around the alternative energy sector. The value of Vestas rose 6% on the Copenhagen stock market amid mounting expectation that a major oil group could make a symbolically important move into “green” technology. Shell declined to comment.