Aug 10th, 2022
by John Donovan.
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Shell completes acquisition of renewables platform Sprng Energy group
Aug 9, 2022
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited and with it, the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
Sprng Energy, set up in 2017 by Actis, is a renewable energy platform based in Pune, India, and develops and manages renewable energy facilities such as solar and wind farms and infrastructure assets.
The solar and wind assets Shell acquires through the deal will triple Shell’s present renewable capacity in operation and help deliver its Powering Progress strategy. An important part of Powering Progress is to develop an integrated power business, which will help Shell reach its target of becoming a profitable net-zero emissions energy business by 2050.
Notes to editors
On April 29, 2022, Shell announced the signing of an agreement to purchase Solenergi Power Private Limited and the Sprng Group of Companies.
Subject to closing adjustments, about half of the previously announced transaction value ($1.55 billion) will be reported as cash capex and the remainder assumed as debt obligations.
In February 2021, Shell announced its Powering Progress strategy, including details of how it expects to achieve its target to be a net-zero emissions energy business by 2050. For more, visit http://www.shell.com/poweringprogress.
Actis is a leading global investor in sustainable infrastructure. For more, visit https://www.act.is/
Cautionary note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.read more
Now Britain has received a major boost to those plans as Shell has announced that it is looking to expand its business supplying electricity to UK households.
As part of its own push towards clean energy and away from oil and gas, the UK-based energy firm plans to supply clean power to five million households and electric car drivers by 2030, up from about 1.5 million today.
According to the Telegraph, Shell is planning to invest £20billion-£25billion in the UK over the decade, with over 75 percent of that sum being invested in low carbon energy such as wind turbines and electric car charging points.read more
Apr 17th, 2022
by John Donovan.
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sky news
Extinction Rebellion: Six people arrested as activists climb on top of Shell oil tanker in central London
Saturday 16 April 2022 16:05, UK
Six people have been arrested after Extinction Rebellion activists climbed on top of an oil tanker in central London.
The climate group said three people climbed on top of the Shell tanker, holding a banner which said “end fossil filth” in Bayswater Road on Saturday morning.
Extinction Rebellion said Olympic gold medal-winning canoeist Etienne Stott and fellow British Olympian Laura Baldwin were among those demonstrating.read more
Members of the group gained access to the building, on London’s Southbank, this afternoon and are occupying it and telling passing workers to change careers.
The protest is part of Extinction Rebellion’s “April rebellion”, which began on Saturday and has included mass roadblocks in the capital.
Speaking on a livestream from inside the building, one activist said: “We’re here to ask you to really think about what you’re doing. Do you really want to be part of this planetary destruction?”read more
HOUSTON, Dec. 14, 2021 /PRNewswire/ — Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio.read more
Oct 31st, 2021
by John Donovan.
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FROM A MAJOR ARTICLE ON TWO-THIRDS OF PAGE 8 OF THE SUNDAY TIMES BUSINESS SECTION OCT 31, 2021
How should Shell, Glencore and British American Tobacco deal with their “toxic” legacy businesses?
Robert Watts: Sunday October 31 2021, 12.01am, The Sunday Times
Ben Van Beurden knew last weekend that he was facing one of the more trying weeks of his 38 years at Shell. But he still had no clue of the impending ambush being prepared by an American billionaire activist investor.
Shell’s chief executive knew the quarterly figures for the oil and gas giant he would unveil on Thursday would be bad. Profits between July and September came in at $4.1 billion (£3 billion) — well below the $5.4 billion expected and 25 per cent down on the previous quarter.read more
Oct 22nd, 2021
by John Donovan.
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Bloomberg
Shell on Path to Miss Own Emission Reduction Goals, Report Says
By Laura Hurst: 22 October 2021, 07:00 BST
Global Climate Insights study sees emissions rising by 2030 Company says it fully intends to meet future targets
Royal Dutch Shell Plc is on track to miss its own emission reduction targets in the coming decades, even as the company faces more stringent climate requirements from a court ruling, a new study shows.
The energy giant is seeking to gradually reduce its carbon emissions, with the goal of achieving net-zero by 2050. Shell isn’t forecast to achieve its goals after 2022, according to the report by Global Climate Insights.read more
Aug 27th, 2021
by John Donovan.
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Photo Credit: Photographic Services, Shell International Limited.
NL TIMES
Shell to supply green energy directly to home consumers
THURSDAY, AUGUST 26, 2021 – 14:30
Dutch oil and gas giant Shell will soon start supplying Dutch home consumers with “CO2 compensated gas” and green electricity purchased from Dutch solar and wind farms. The company already received a permit from regulator ACM to start doing so, NOS reports.
Exactly how much green energy Shell plans to supply is not clear, but Barbara van Bergh, head of this division, told NOS that Shell wants to become a “significant” player.read more
Jun 19th, 2021
by John Donovan.
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THE NEW YORK TIMES
Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’
Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker.
Like other oil giants, Shell is under pressure to move away from climate-damaging fossil fuels, and it is recasting itself as more of a renewable energy company, looking for investments as it sidles toward a new future.
Limejump is the type of business that catches the eye of Shell executives these days. With 80 software engineers, traders and forecasters, the company buys electricity from 675 wind farms, solar installations and other mostly renewable generators scattered across Britain, and sells it to businesses that want their energy to be green.read more
May 25th, 2021
by John Donovan.
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Reuters
Shell wins $2.5 billion Australian power contract with battery storage
By Reuters Staff: 2 MIN READ: MAY 25, 2021
SYDNEY (Reuters) -Australia’s New South Wales (NSW) state said on Tuesday it has awarded a A$3.2 billion ($2.5 billion) 10-year power supply contract to Royal Dutch Shell PLC, which includes supplying battery back-up power for wind and solar energy.
Under a deal with Edify, Shell has contracted to take 60% of the battery’s power.
“This long-term services agreement is a model for how large energy users can access dispatchable power like battery storage, which complements renewables,” Shell Energy Chief Executive Greg Joiner said in a statement.
European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals to supply electricity to big corporate buyers like Amazon.com Inc. and Microsoft Corp., treading into the domain of traditional power companies.
Oil companies say securing long-term deals to supply electricity will provide a new source of income and underpin their expansion into wind and solar power as they seek to reduce their dependence on fossil fuels and prepare for a lower-carbon economy.read more
Is the least grubby hydrocarbon a bridge fuel to a greener future, or a trap?
Energy companies have no seat at the climate high table convened by President Joe Biden on April 22nd and 23rd, to which he has invited 40 other world leaders to discuss how to speed up the shift from dirty energy. From the sidelines, coal firms will scowl at efforts to curb demand in Asia and oil drillers will wince at support for electric cars. Watching particularly closely will be those companies which have bet big on natural gas. As the energy transition gathers momentum, no fuel’s future is hazier than that of the least grubby hydrocarbon.read more
Oil And Coal Firms Guilty Of ‘Great Deception’ Through Greenwashing, Say Climate Lawyers
David Vetter: Senior Contributor Sustainability Climate research, renewables and circularity: 19 April 2021
A team of U.K. lawyers today released what they say is new evidence showing that the world’s biggest fossil fuel companies are systematically “greenwashing” their image to make the public believe they are taking concrete steps to combat climate change. In reality, the lawyers say, the firms are committed to increasing the sale of fossil fuels, which will inevitably generate more greenhouse gas emissions.read more
Shell has written down the value of some of its gas assets, including its Queensland Curtis project in Australia.
As the Shift to Green Energy Speeds Up, Shell’s Big Natural-Gas Bet Is at Risk. The fuel faces growing environmental scrutiny and competition from cleaner energy sources
THREE Shell service stations in Tampines, Pasir Ris and Lakeview will soon be powered by solar energy and offer significantly faster charging services for electric vehicles (EVs). The Energy Market Authority (EMA) and Shell have jointly awarded a research grant to a consortium led by local solar company Eigen Energy, to pilot the stations by early 2022.
The new stations will add to Shell’s network of 18 stations with EV charging services across the island. However, they will offer much shorter charging times – up to three times faster – than the 50 kilowatt rapid direct current chargers deployed at the existing stations. The latter typically provide up to an 80 per cent charge in about 30 minutes, depending on the EV model.read more
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
ESTHER KIOBEL: EVIL OIL GIANT SHELL COLLUDED IN THE EXECUTION OF MY INNOCENT HUSBAND
ESTHER KIOBEL SUES SHELL FOR COMPLICITY IN HUSBANDS MURDER
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ABANDONED BY SHELL: KEITH MACDONALD & FAMILY, VICTIMS OF RADIOACTIVE CONTAMINATION AT WORK
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON. EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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