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Shell Seen Increasing M&A to Become World’s Top Power Company

Mar 30th, 2019
by John Donovan.

By Kelly Gilblom: 29 March 2019, 11:13 GMT

*Company likely to expand acquisitions of electricity producers

*Shell must manage 61 gigawatts of clean power in 2030s

Royal Dutch Shell Plc could ramp up acquisitions of electricity producers to achieve its target of becoming the world’s biggest power company by the 2030s, according to analysis by Sanford C Bernstein Ltd.

To become the biggest low-carbon electricity provider, the company must produce 214 terawatt-hours of clean power every year by 2035, the analysis shows. That’s 11 percent more than Egypt, a country of nearly 100 million people, generated last year, according to data from BP Plc.

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Posted in: Bloomberg, China, Climate Change, Electric Power, Electric Vehicles, Environment, Royal Dutch Shell Plc, Shell.
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