One sentence summary – Shell is actively seeking partners for renewable energy projects in India as part of its commitment to capital discipline and its aim to expand its renewables portfolio, while also exploring opportunities to partner with investors interested in deploying capital on de-risked operational assets and maintaining a stake in these assets, in line with its energy transition strategy.
At a glance
- Shell is actively seeking partners for renewable energy projects in India
- Shell aims to expand its renewables portfolio and develop new projects within India
- Shell plans to maintain a stake in these assets
- Shell’s acquisition of Sprng Energy last year significantly bolstered its operational renewables base
- Shell’s focus on capital discipline highlights the company’s commitment to diversifying its energy portfolio
The details
Shell Explores Renewable Energy Projects in India
Shell, the European oil giant, is actively seeking partners for renewable energy projects in India.
This move is part of the company’s commitment to capital discipline.
Expansion of Renewables Portfolio
Shell aims to expand its renewables portfolio and develop new projects within India.
The company is exploring opportunities to partner with investors interested in deploying capital on de-risked operational assets.
Shell plans to maintain a stake in these assets.
This strategic focus on capital discipline is expected to accelerate the growth of Shell’s renewables portfolio.
Acquisition and Divestment
The company’s renewables portfolio has recently faced scrutiny due to a renewed emphasis on core hydrocarbons operations.
Shell’s acquisition of Sprng Energy last year significantly bolstered its operational renewables base.
In line with its energy transition strategy, Shell has agreed to sell its retail energy business in the UK and Germany to Octopus Energy.
This divestment reflects the company’s commitment to streamlining its operations.
It also aligns with the evolving energy landscape.
Interest in Indian Renewable Energy Sector
TotalEnergies, another major European oil company, recently announced a renewable energy partnership with India’s Adani Group.
This indicates the increasing interest of oil giants in the Indian renewable energy sector.
Challenges and Negotiations
Shell’s renewables efforts have faced some challenges.
There have been departures of top offshore wind executives within the company.
The details behind these departures are not available at this time.
Reports suggest that Shell is in talks to sell Sonnen, the German energy storage business it acquired in 2019.
The outcome and details of these negotiations remain undisclosed.
Shell’s focus on capital discipline, coupled with its pursuit of renewable energy projects in India, highlights the company’s commitment to diversifying its energy portfolio.
It also shows the company’s participation in the global energy transition.
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| rechargenews.com |
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| – Shell is seeking partners for renewable energy projects in India as part of its focus on capital discipline. – |
| The company aims to grow its renewables portfolio and develop new projects in India. – Shell is exploring opportunities to partner with investors who want to deploy capital on de-risked operational assets, while retaining a stake in such assets. – |
| The focus on capital discipline will help accelerate the growth of Shell’s renewables portfolio. – TotalEnergies, another European oil giant, recently announced a renewables partnership with India’s Adani Group. – Shell’s renewables and energy transition strategy has faced scrutiny as it shifts focus back to its core hydrocarbons operations. – |
| The acquisition of Sprng Energy last year tripled Shell’s operational renewables base. |
| – Shell has agreed to sell its UK and German retail energy business to Octopus Energy. |
| – There have been departures of top offshore wind executives at Shell. – Shell is reportedly in talks to sell Sonnen, the German energy storage business it acquired in 2019. |
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