REUTERS
Shell and Eneco win right to build large Dutch offshore windfarm
By ReutersPosts under ‘Wind Power’
Shell and Eneco win right to build large Dutch offshore windfarm
Shell completes acquisition of renewables platform Sprng Energy group
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.
Shell’s supersize hydrogen plant sparks hope of green revolution
THE TIMES
Shell’s supersize hydrogen plant sparks hope of green revolution
Emily Gosden: Energy Editor:
Shell has begun building Europe’s largest “green” hydrogen plant that will use electricity from an offshore wind farm to produce the clean-burning fuel.
The oil and gas group said it had taken the final investment decision on the 200 megawatt electrolyser in the port of Rotterdam and expected the plant to start operating in 2025.
Shell said the capacity of the plant was equivalent to roughly two thirds of all electrolyser capacity in operation globally today. The new facility will use electricity from the Hollandse Kust (Noord) offshore wind farm that Shell is jointly building about ten nautical miles off the coast of the Netherlands.
Energy crisis lifeline: Shell announces plans for £25bn injection into UK clean power
EXPRESS
Energy crisis lifeline: Shell announces plans for £25bn injection into UK clean power
SHELL has announced its plans to massively expand in the UK, boosting its energy security with an investment worth up to £25billion.
By ANTONY ASHKENAZ
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.
Shell Enters Tender For Wind Farm Development In Polish Offshore
RIGZONE
Shell Enters Tender For Wind Farm Development In Polish Offshore
by Bojan Lepic | Rigzone Staff | Tuesday, June 14, 2022Shell subsidiary Amber Baltic Wind has submitted bids under a recent public tender for proposals for new locations for offshore wind farms in the Polish zone of the Baltic Sea.
According to WindEurope, installations generating up to 28 GW of offshore wind energy may be built in the Polish part of the Baltic Sea by 2050. Thanks to many years of experience in the implementation of complex offshore projects in the North Sea, considerable potential, and knowledge in the field of offshore wind energy, and a wide presence in Poland, Shell can support Poland in using its huge wind energy resources and accelerating the transformation process of the energy mix.
Shell, the Oil Giant, Will Sell Renewable Energy to Texans
The New York Times
Shell, the Oil Giant, Will Sell Renewable Energy to Texans
The European oil company has been expanding into green energy even as many U.S. energy giants have kept their focus on fossil fuels.
Clifford Krauss and : June 7, 2022 Updated 3:13 p.m. ET
HOUSTON — Shell said on Tuesday that it would begin selling electricity generated from renewable sources to residents and businesses in Texas, a move that brings the European oil company’s shift to green energy to the U.S. market.
The announcement underscores a widening gulf between the strategies of European and U.S. oil companies as elected leaders and consumers demand that the energy industry do more to tackle climate change. European businesses including Shell, BP and TotalEnergies are seeking to expand into renewable energy, electric vehicle charging and other fast-growing businesses as U.S. companies like Exxon Mobil and Chevron mostly keep their focus on oil and gas while investing in capturing carbon from industrial plants and biofuels.
Shell, which already has electricity businesses in nine countries, plans to double the amount of electricity it sells by 2030. The company, which is based in London, is Europe’s largest oil and gas business by revenue and has operations in more than 70 countries, including gas stations, refineries and oil and gas fields.
I worked at Shell for 33 years – the government is wrong on North Sea oil
SOURCE MSN/Independent
I worked at Shell for 33 years – the government is wrong on North Sea oil
By Grahame Buss
: 27 May 2022
I was a principal scientist for the oil company Shell, for which I worked for 33 years. I have a degree in aeronautical engineering and a PhD in fluid mechanics.
Wall Street activist Dan Loeb says Shell risks becoming ‘tarnished’ unless it heeds his break-up call
Evening Standard
Wall Street activist Dan Loeb says Shell risks becoming ‘tarnished’ unless it heeds his break-up call
Loeb’s Third Point Investors has been pushing for a break-up of Shell, calling its current business ‘confusing and unmanageable’
By Oscar Williams-Grut City Editor @OscarWGrut: 9 May 2022
The Wall Street activist pushing for a break-up of Shell has raised his stake in the business and said the oil giant risks becoming a “tarnished legacy brand” without reform.
Shell buys Indian renewables firm Sprng Energy for $1.55 billion
Shell to acquire Sprng Energy group, one of India’s leading renewable power platforms
Apr 29, 2022
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), today signed an agreement with Actis Solenergi Limited (Actis) to acquire 100% of Solenergi Power Private Limited for $1.55 billion and with it, the Sprng Energy group of companies.
Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its portfolio consists of 2.9 gigawatts-peak1 (GWp) of assets (2.1 GWp operating and 0.8 GWp contracted) with a further 7.5 GWp of renewable energy projects in the pipeline.
Extinction Rebellion activists have glued themselves to the reception desk of Shell’s London HQ.
Extinction Rebellion activists have glued themselves to the reception desk of Shell’s London HQ.
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?”
Shell, Mitsubishi wind power consortium to produce ‘green hydrogen’ -Yomiuri
Shell, Mitsubishi wind power consortium to produce ‘green hydrogen’ -Yomiuri
($1 = 123.6800 yen)
(Reporting by Kantaro Komiya; Editing by Chang-Ran Kim)
Shell Plans to Become Brazil’s Largest Offshore Wind Developer
The Maritime Executive
Shell Plans to Become Brazil’s Largest Offshore Wind Developer
21 March 2022
In its efforts to recast itself from fossil fuel energy, Shell has announced an ambitious plan to develop new offshore wind power projects off the coast of Brazil. The energy giant announced that it has applied for environmental licenses from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) that would make it the largest operator of offshore wind generation facilities in the country.
Shell seeks environmental license to generate offshore wind power in Brazil
Reuters
Shell seeks environmental license to generate offshore wind power in Brazil
: March 18, 2022: By Laís MoraisMarch 18 (Reuters) – SHELL announced on Friday it has applied for a license from Brazil’s environmental agency Ibama to generate offshore wind power in six areas in the country.
The six projects are located in the Brazilian states of Piaui, Ceara, Rio Grande do Norte, Espirito Santo, Rio de Janeiro and Rio Grande do Sul. The total installed capacity of the projects will be 17 gigawatts.
The studies on the areas are set to begin early this year.
Shell and ScottishPower win bids to develop 5 GW of floating wind power in the UK
Shell and ScottishPower win bids to develop 5 GW of floating wind power in the UK
Jan 17, 2022
- Joint ventures plan to build and operate two of the world’s first large-scale floating offshore wind farms in UK waters
- Partners will use innovative technology to install turbines further from shore to catch more powerful winds as part of Crown Estate Scotland’s ScotWind leasing
- As the global economy transitions to a low-carbon future, Scotland has the opportunity to pioneer expertise to develop a new global centre of excellence for offshore wind
Shell and ScottishPower have secured joint offers for seabed rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners have won two sites representing a total of 5 gigawatts (GW) off the east and north-east coast of Scotland.
The new wind farms will be delivered through two joint ventures called MarramWind and CampionWind. They bring together ScottishPower’s and Shell’s decades of experience working offshore and significant presence in Scotland, as well as their strong innovation capabilities for delivering world-class offshore energy projects.
Shell gets OK to proceed with offshore wind project off New England
Houston Chronicle
Shell gets OK to proceed with offshore wind project off New England
Shelby Webb, A joint offshore wind venture spearheaded by Royal Dutch Shell and Ocean Winds North America has gained approval to build more offshore wind turbines off the New England coast that is expected to generate 400 megawatts.The new turbines, part of the Mayflower project, will provide energy to Massachusetts’ three largest utilities. The energy produced by the newly approved turbines can generate enough electricity to power more than a half-million homes and businesses each day, Shell officials said in a statement.
Shell and OW have combined on two other offshore wind projects, approved in 2019, expected to produce 804 megawatts of power.
Can a ‘toxic’ business (Shell) really turn from sinner to saint?
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.
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.
