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Shell signs five-year supply deal with U.K.’s second largest solar plant

|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) signs a five-year agreement with British Solar Renewables for power generated by the U.K.’s second largest solar power plant.
  • Shell will receive the whole output of the Bradenstoke plant, which has a peak capacity of 69.8 MW and produces an average of 65 GWh/year; financial details are not provided.
  • Shell says the deal fits firmly into its New Energy Business strategy, which focuses on power and new fuels.
  • It is Shell’s second solar deal of the week, after announcing plans to buy a 43.8% stake in U.S.-based Silicon Ranch Corp.
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