In a telephone interview on Monday, Maria Gabriela da Rocha said the startup date would depend on the negotiations and was part of Shell’s strategy to move into renewable energy, betting on industries’ increasingly wanting to sign long-term clean energy contracts BRASILIA: Royal Dutch Shell PLC is ready to start negotiating with potential clients the […]
Shell and BP Slash Spending but Renewables Largely Spared
Two of the world’s oil supermajors suggested this week that oil demand may never fully recover from the coronavirus crisis. Shell just did the thing CEO Ben van Beurden said no leader of the company would ever want on their record: cut its shareholder dividend for the first time since World War II. In slashing […]
Shell to build its first solar farm in Australia
Oil and gas major Royal Dutch Shell said on Friday it plans to build its first utility-scale solar farm in Australia, part of a global push into the power business and cleaner energy, report agencies. The 120 megawatt (MW) solar farm at Wandoan in the state of Queensland is expected to be completed in early […]
Europe’s Energy Giants Line Up to Endorse Green Deal
The power sector sees huge opportunity, while the proposed “carbon border” raises questions for EU oil and gas imports. The European Union’s newly proposed Green Deal raises “significant questions” for the oil and gas industry, analysts said, but the plan was broadly welcomed by companies across the energy sector. On Wednesday the European Commission presented […]
Shell New Energies EVP: Hydrogen Subsidies Will Pay Off, Just Like They Did for Solar
Shell’s Mark Gainsborough on renewables, hydrogen and bringing together the oil giant’s burgeoning family of clean-energy businesses. PARIS : Shell expects its filling stations to eventually become fossil-fuel-free. But getting there will require major changes, and in the energy business, change often means subsidies. So it is with hydrogen, says Mark Gainsborough, executive vice president […]
Shell invests in African microgrid developer PowerGen Renewable Energy
PowerGen Renewable Energy (PowerGen), a company that develops, manages and supports micro-utilities in Africa, announced that it received Series B investment from Shell New Energies, as well as Omidyar Network, Acumen, Renewable Energy Performance Platform (REPP), EDFI ElectriFI, Sumitomo Corporation, DOB Equity, and Micro-grid Catalytic Capital Partners (MCCP). The company said the funds will strengthen […]
Shell to buy French floating wind farm specialist
Offshore wind is one of the fastest growing renewables markets, with floating structures the technology’s next frontier because they utilise waters that are too deep for traditional turbines fixed to the seabed LONDON : Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s […]
Shell and EDPR Win Massachusetts’ Second Offshore Wind Tender
Mayflower Wind joint venture’s 804-megawatt project will sell power at a lower price than Vineyard Wind’s landmark development. Shell has its first concrete offshore wind project in U.S. waters. Massachusetts on Wednesday selected an 804-megawatt project backed by Mayflower Wind, a joint venture of Shell and EDP Renewables, as the winner of its second offshore […]
Shell Acquires Renewables-Only Power Retailer in UK
Oil major buys Hudson Energy, which supplies 200,000 households with power from renewable PPAs. Oil major Shell acquired another customer-facing electricity and gas provider in the U.K., potentially bolstering its green credentials and renewables procurement expertise in the country. The deal for Hudson Energy, which trades as Green Star Energy, will add 200,000 new customers […]
Shell Leads Big Oil in the Race to Invest in Clean Energy
Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European companies that are well ahead of their U.S. rivals. The data compiled by BloombergNEF underscore the quickening pace of the transition to low-carbon energy among the world’s largest fossil fuel […]