Simply Blue says it remains fully committed to its floating wind farm project off the Clare coast.
It follows a decision by Shell to pull out of the Irish renewables sector.
Last November, multinational energy company Shell agreed a deal to acquire a 51 per cent share in the Western Star Floating wind project off the Clare coast.
The joint venture between the oil and gas company and Simply Blue, a Cork-based company, promised to generate enough wind capacity to power one million homes.
In a statment to Clare FM, Shell and Simply Blue Group have confirmed that Shell will end its involvement in the Western Star and Emerald offshore wind projects of the Clare and Cork coasts.
This is a portfolio decision for Shell, which says offshore wind remains a key growth area and integral to the delivery of their Powering Progress strategy.
The multinational energy company has more than 13 GW of wind capacity in operation, under construction and in the funnel of potential projects, including a 50% stake in 5GW of floating wind projects in Scotland.
Simply Blue Group says, however, it remains fully focused on delivering the Emerald and Western Star projects off the coast of Cork and Clare.
The company is progressing towards a new strategic partnership, building on the momentum of both projects to deliver government targets for Phase 2 of Ireland’s offshore wind development.
Both parties have wished the other success with their respective ventures.