shell renewables news

Shell''s renewables boss steps down after less than two years

Shell aims to become a net-zero greenhouse gas emissions company by 2050. It aims to grow its spending on renewables and low-carbon energy to $2 to $3 billion per year in the near term, roughly 10 ...

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Renewables and Energy Solutions

External power sales. In 2022 our external power sales were 243 terawatt hours ( TWh ), compared with 247 TWh in 2021. The difference was mainly a result of higher volume sales during a Texas winter storm in 2021 and …

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Shell: Europe''s biggest oil firm sets out carbon neutral plans

"Shell''s plans include a delusional reliance on tree-planting." Last week, Shell reported a net loss of $21.7bn (£16bn) last year after a drop in demand due to the Covid-19 pandemic . Related Topics

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Focus: Incoming Shell CEO Sawan set to fire up renewables drive

Shell''s incoming Chief Executive Wael Sawan is set to accelerate the group''s drive to build its renewable energy business, including through a possible …

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Shell Gets Greener, Even as Climate Advocates Say, …

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. Nestled in the English countryside,...

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What is RNG? | Shell United States

What is RNG? Renewable natural gas (RNG) is a low-to negative-carbon natural gas produced from a number of sources including livestock waste, landfills, wastewater sludge, food waste and other organic waste operations. RNG can be used for electricity generation, heating, cooking, bioplastics and vehicle fuel.

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Shell hits the brakes on growing renewables unit after record …

Reflecting on Shell''s record $40bn profit in 2022, the Guardian''s financial editor Nils Pratley writes that "the infuriating thing about Shell is the refusal to contemplate even a modest course-correction in favour of a faster energy transition". By Shell''s "broader metric, the greener stuff came out at only one-third of the whole ...

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Renewables and Energy Solutions

Renewables and Energy Solutions (R&ES) includes renewable power generation, the marketing and trading and optimisation of power and pipeline gas, as well as carbon …

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Renewable power news releases | Shell Global

Shell supplies renewable energy to T-Mobile US, while Deutsche Telekom engineers to install more than 10,000 electric vehicle chargers in Germany. …

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Shell chief sets ''ruthless'' new course to catch up with US rivals

World faces ''staggering'' oil glut by end of decade, energy watchdog warns; US inflation falls to 3.3% in May in boost to markets; News updates from June 10: Fed officials signal one 2024 ...

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Investments and returns

Increase our investments in Marketing and Renewables and Energy Solutions, with expected returns of 15-25% and more than 10% respectively. [B] These businesses include our service stations, sales of gasoline and diesel, fuels for business customers, power, hydrogen, biofuels, charging for electric vehicles, nature-based …

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News, sport and opinion from the Guardian''s US edition | The Guardian

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Renewables and Energy Solutions

In 2023, Adjusted Earnings from Energy Marketing and Trading and Optimisation accounted for 216% of Renewables and Energy Solutions Adjusted Earnings. This was partially offset by Renewable Power Generation, Hydrogen, CCS, NBS and Shell Ventures that accounted for a negative 116%.

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Shell: Europe''s biggest oil firm sets out carbon neutral …

Spending will remain focused on oil and gas in the near future, with $2bn to $3bn per year on renewables and low-carbon parts of the business, and $8bn per year on oil and gas in the near term.

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Renewable power news releases | Shell Global

Shell signs 15-year agreement with largest solar project in Germany. Sep 7, 2023. Shell has signed a 15-year power purchase agreement with HANSAINVEST Real Assets to secure 600 megawatts (MW) of capacity at Germany''s largest solar project. Microsoft has already secured 323 MW of this renewable energy capacity from Shell.

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Shell launches Shell Energy brand, 100% renewable electricity …

Shell today announced the launch of the Shell Energy brand into the residential power market. Through Shell Energy Solutions ("Shell Energy") the company now offers 100% renewable electricity plans to eligible customers in Texas, expanding its portfolio of offerings and giving residential customers access to renewable electricity …

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Shell splits renewables business in CEO efficiency drive

Shell is splitting up its renewables and low-carbon division as part of CEO Wael Sawan''s shake-up to boost the energy giant''s returns. ... the news and media division of Thomson Reuters, is the ...

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Shell Energy Transition Strategy | Shell Global

Our first energy transition update since 2021 is an opportunity to take stock of our progress, to reflect on what we have learned, and to look forward as we transform Shell into a net …

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Jobs in Renewables and Energy Solutions | Shell Global

Find a Job in Renewables and Energy Solutions. Shell''s Renewables and Energy Solutions business, comprised of teams and professionals focused on providing renewable and low-carbon energy solutions, helps propel Shell closer towards its target of being a net-zero emissions business by 2050. Check out Renewable Energy Jobs at Shell.

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Shell chief sets ''ruthless'' new course to catch up with …

World faces ''staggering'' oil glut by end of decade, energy watchdog warns; US inflation falls to 3.3% in May in boost to markets; News updates from June 10: Fed officials signal one 2024 ...

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Shell Energy Transition Strategy | Shell Global

Our first energy transition update since 2021 is an opportunity to take stock of our progress, to reflect on what we have learned, and to look forward as we transform Shell into a net zero emissions energy business by 2050. Our energy transition update shows how we are delivering against our climate targets. As we focus on areas of competitive ...

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Shell Explores Selling Stake in Renewable Power Unit

Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter …

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Shell, BP boost profit, sink investment in renewable energy

The big five supermajor oil and gas companies — Shell, TotalEnergies, BP, ExxonMobil, and Chevron — spent an average of $750 million in 2021 on climate-related communications activites. That''s ...

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Shell picks gas veteran Sawan as CEO to lead transition

Sept 15 (Reuters) - Shell (SHEL.L) has turned to the head of its gas and renewables business to drive its transition to a lower-carbon future, picking Wael Sawan to replace Ben van Beurden as ...

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Newsroom | Shell Global

8 May 2024. Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd. The transaction will transfer all of Shell''s interest in Shell Energy and Chemicals ...

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Shell to start building Europe''s largest renewable hydrogen plant

Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe''s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and …

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Shell completes acquisition of renewable natural gas producer …

On November 28 th, 2022, Shell announced the signing of an agreement to acquire Nature Energy Biogas A/S (Nature Energy).; Nature Energy was founded in 1979 as a natural gas distributor. The company established its first biogas plant in Denmark in 2015 and now has 14 operating plants with associated infrastructure, feedstock arrangements, and 2022 …

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Exclusive: Shell cuts low-carbon jobs, scales back hydrogen in …

LONDON, Oct 25 (Reuters) - Shell (SHEL.L) will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan''s drive to ...

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Shell and ScottishPower win bids to develop 5 GW of ...

Today Shell has deployed or is developing more than 6 GW of wind power generation capacity across North America, Europe, the UK and Asia. Globally, Shell is building an integrated power business that will provide customers with low-carbon and renewable energy solutions. Shell Renewables and Energy Solutions spans trading, …

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shell (@shell) | Twitter

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Wind | Shell Global

Borssele III & IV. Shell is part of the Blauwwind. consortium that built and operates the Borssele III & IV wind farm off the Dutch coast. The 731.5 MW wind farm is designed to produce 3 TWh of power per year, equivalent to 2.5% of Dutch electricity demand. The wind farm became fully operational in February 2021, amid the Covid-19 pandemic.

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Electricity

These solar panels are expected to generate more than 5,500 megawatt-hours of electricity a year. Shell Energy is working with Treasury Wine Estates, which has 13,000 hectares of vineyards around the world, to provide renewable energy across the company''s operations. A further 9,000 solar panels are being installed at its California vineyards.

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Exclusive: Shell pivots back to oil to win over investors

Around two-thirds of Shell''s $25 billion spending last year went towards oil and gas, while the company invested $4.3 billion in renewables, biofuels, hydrogen and electric vehicle charging ...

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News and media releases | Shell Global

Shell Brazil Holding B.V. (Shell), a subsidiary of Royal Dutch Shell plc, today marks the start of trading in shares of Raízen S.A. (Raízen), the renewable energy joint venture between Shell and Brazilian energy company Cosan, on the São Paulo Stock Exchange (B3), following the successful execution of an initial public offering (IPO).

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Behind Shell''s strategy to get into green energy.

Shell appears to be playing a longer, more cautious game than some rivals, like BP, that are pouring money into renewable energy projects. Shell executives seem to be skeptical about the profit ...

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