October 18, 2019

Greenlots, a subsidiary of Shell New Energies, has announced its participation in the development of the world’s largest electric vehicle charging network.

Greenlots EV chargers will be installed in Ford’s FordPass Charging network.

The Charging Network will be launched in 2020 and will allow Ford EV drivers to charge seamlessly across all the major charging networks in the US and select regions in Canada.

The network is the first of its kind rollout in the EV market and is to accelerate the adoption of electrified transportation across North America. read more

By Timothy Abington and Kelly Gilblom: 4 September 2019, 07:00 BST: Updated on 4 September 2019, 11:11 BST

*European majors close many more deals than their U.S. rivals

*Digital and efficiency technologies become popular targets

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European companies that are well ahead of their U.S. rivals.

The data compiled by BloombergNEF underscore the quickening pace of the transition to low-carbon energy among the world’s largest fossil fuel producers, and the scale of the trans-Atlantic divide. European majors closed seven times as many deals with renewable-electricity and storage companies as their U.S. counterparts since 2010. read more

Shell India invests in $7.7 million in biomass firm

AUG 30, 2019

Shell India has made a $7.7 million (€6.9 million) investment in a local biomass firm. Punjab Renewable Energy, backed by Neev Fund and responsibility, will use the fresh investment to expand its business in the bioenergy sector.

The company was established in 2011 and is involved in the collection, processing, storage and supply of biomass including paddy straw, cotton stalk, soya husk, maize cob and mustard stalk, which it provides to clients for energy or conversion into biofuels, according to a report by VCCircle. read more

Shell, Equinor, SSE back new project to address offshore wind ‘barriers’

by David McPhee: 27/8/2019

Some of the world’s biggest energy firms are backing a new project aimed at addressing current barriers in the UK offshore wind market.

The second stage of the Offshore Renewable Joint Industry Project (ORJIP) programme, announced by the Carbon Trust, said it aims to reduce consenting risk, project maturation time, cost and the environmental impact of new and existing UK offshore wind farms.

The new four-year programme will be funded by public and private partners.

EDF Renewables, EDP Renewables, E.On, Equinor, Innogy, Marine Scotland, Red Rock Power, Shell, SSE Renewables and the Crown Estate and Crown Estate Scotland are all involved. read more

Matthew Stevens Columnist: 23 August 2019

Shell Australia’s $617 million pitch for electricity trader and generator ERM Powerstands as the most tangible expression yet of the transition mission that the local outpost of the petroleum super major set for itself more than three years ago.

Back in June 2017, in a move that foreshadowed co-ordinated global ambitions in electricity only recently fully enunciated by the legendary mother ship, Shell Australia revealed its strategic hand by establishing an energy trading business in Melbourne. read more

Shell debuts electric vehicle chargers in Singapore, first in Southeast Asia

By Reuters• last updated: 19/08/2019 – 08:13

SINGAPORE (Reuters) – Royal Dutch Shell <RDSa.L> is launching electric vehicle chargers at petrol stations in Singapore, its first such foray in Southeast Asia, the company said on Monday.

The electric vehicle charging service, ‘Shell Recharge’, will be available at 10 Shell petrol stations in Singapore by October, this year or about 20% of its retail network in the city-state, the company said in a statement.

It added that the chargers typically provide from 0% to 80% charge in about 30 minutes, and are compatible with most electric vehicles in Singapore. read more

Rooftop solar at Shell units in Europe, Asia to generate 7,500 MWh a year

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

August 06, 2019, 07:42 IST

New Delhi: Lubricants major Shell on Monday said it is installing solar photovoltaic panels on the roofs of seven of its plants in India, China, Italy, Singapore and Switzerland, which would generate 7,500 MWh of power annually.

The panels can result in the avoidance of greenhouse gas emissions of about 4,500 tonne on a CO2-equivalent basis per year, equivalent to taking about 2,600 cars off the road for one year, a statement by the company said.

Combined, they are expected to generate over 7,500 megawatt hours (MWh) of electricity a year, it added. read more

Electrive

UK: Shell installs its first ultra-rapid charger in London

Jul 4, 2019

Shell has installed a 150 kW ultra-rapid EV charger at a petrol station in Battersea, south London. The charger is now available for public use alongside the already existing 50 kW rapid chargers from Allego.

The charger is part of the Shell Recharge service. The 150kW charger has been installed alongside the station’s existing 50kW rapid chargers. Maker and operator Allego will continue to maintain and service the chargers which make up Shell Recharge.

Allego’s chief executive Anja van Niersen welcomed the installation, stressing that “electric vehicle drivers want the right charging solution at the right place, to be always available and combined with excellent services. Shell Recharge shows how these wishes can be met.” read more

Clara Denina, Stephen Jewkes, Toby Sterling: JUNE 24, 2019 / 4:43PM

LONDON (Reuters) – A domestic consortium set up by Royal Dutch Shell and pension fund manager PGGM has taken a bigger lead in the race for Dutch energy company Eneco as two other contenders have dropped out, sources close to the matter said.

French oil and gas company Total SA and Italy’s electricity giant Enel, which had teamed up with Dutch pension fund manager APG, have both withdrawn their non-binding offers, said the sources.

One of the sources added that APG was now looking for a new partner.

Infrastructure fund Macquarie and Japan’s biggest trading house Mitsubishi Corp are also still in the race for the company estimated by analysts to be worth about 3 billion euros ($3.4 billion), sources said. One said French nuclear energy utility EDF had also made a non-binding offer. read more

by David McPhee: 20/06/2019, 1:28 pm

Work on Shell’s first solar plant in the Netherlands is complete, according to engineering and construction firm Wood.

The Moerdijk Solar PV Plant is a 27 megawatt (MW) development near the city of Breda.

The new plant holds 76,000 solar PV panels and is one of the country’s largest facilities.

Wood, who acted as Shell’s engineering contractor throughout the project, provided Shell’s clean energy team with “technical procurement expertise” during the 16-month contract. read more

A Shell North Sea boss has said he “agrees” with many of the climate campaigners who took to the streets of the UK’s major cities in April.

by David McPhee: 06/06/2019

Steve Phimister, Shell’s UK vice president for upstream, said yesterday during Oil and Gas UK’s (OGUK) industry conference that he thinks the country needs to take decisive action on the issue of climate change.

But he added that it did not include “abandoning” oil and gas.

Mr Phimister claimed he “agrees with the view from the climate protestors” of the need to move to a net zero carbon target “quickly”.

He added: “I understand why these activists were calling for this change, and it would be easy to assume that we all and those folk are on the opposite side of the conversation, but I don’t see it that way. read more

Shell is to return $125bn over five years through dividends and share buybacks

That’s more than double the $52bn handed between 2011 and 2015

Energy group expects new projects will generate $35billion

By CAMILLA CANOCCHI FOR THISISMONEY.CO.UK

PUBLISHED: 15:03, 4 June 2019 | UPDATED: 16:15, 4 June 2019

Shares in Royal Dutch Shell fell despite the oil and gas giant revealing plans to return $125billion (£99billion) to shareholders over five years through dividends and share buybacks.

This is more than double the $52million (£41billion) handed to shareholders between 2011 and 2015.

Shell said it expects to pay for that with money from new projects, which it expects will generate $35billion, assuming oil remains priced at $60 per barrel. read more

Shell plans to boost returns and become a force in power

LONDON (Reuters) – Royal Dutch Shell outlined plans on Tuesday to boost shareholder returns after 2020, while also increasing spending on oil, gas and power, as it capitalizes on years of cost cutting to prepare for a lower carbon future.

In a strategy update, the Anglo-Dutch energy company said it was on track to deliver on its commitment to sharply increase cash generation and carry out one of the world’s largest share buyback programs of $25 billion by the end of next year.

It then plans to increase payouts to investors through dividends and share buybacks to $125 billion between 2021 and 2025, roughly half of its current market value. That compares with payouts of around $90 billion between 2016 and 2020.

While offering sweeteners to investors, Shell also outlined plans to increase spending in the next decade to grow its gas, oil, renewables and power output. read more

APRIL 7, 2019

LONDON (Reuters) – An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on the issue.

The Anglo-Dutch energy company drew rare praise from investors and environmental activists in December when it set out plans to introduce industry-leading targets to reduce greenhouse gas emissions and link them to executive pay.

Nevertheless, Dutch activist group Follow This tabled several days later a resolution urging Shell to drastically reduce its spending on fossil fuel. read more

by Josh Siegel: April 04, 2019 12:00 AM

Shell’s move to leave a trade group because of its climate change position is being met with skepticism from fossil fuel critics and energy producers alike, because Shell remains in other groups that oppose policies to address climate change.

Sen. Sheldon Whitehouse, D-R.I., perhaps the harshest critic of the oil and gas industry, said that Shell’s decision to leave American Fuel & Petrochemical Manufacturers “begs the question as to how Shell justifies continued membership in the much larger lobbying behemoths that spend millions opposing the climate action Shell claims to support.” read more

Ron Bousso: 2 April 2019

* Shell to leave AFPM in 2020 over climate “misalignment”

* Shell releases first report on links with industry groups

* Investor welcomes report as “industry first”

LONDON, April 2 (Reuters) – Royal Dutch Shell Plc on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies, citing its support for the goals of the Paris climate agreement.

In its first review of its association with 19 key industry groups, Shell said it had found “material misalignment” over climate policy with the American Fuel & Petrochemical Manufacturers (AFPM) and would quit the body in 2020. read more

28 March 2019

Few people would associate Royal Dutch Shell – oil and gas mega-company and the sixth largest enterprise in the world – with taking a lead in tackling climate change.

However, Shell is making a serious attempt to show it is walking the green walk with commitment and enthusiasm. This week it revealed its utility arm First Utility, acquired a year ago, has rebranded as Shell Energy and switched all of its 700,000 UK residential customers to power generated by renewables. read more

By Ron Bousso, Susanna Twidale: March 24, 2019

LONDON (Reuters) – Just over a year after buying First Utility, Royal Dutch Shell (RDSa.L) has rebranded the British household energy supplier and is switching all its customers to renewable electricity as the oil and gas giant seeks to expand its low-carbon business.

The move by the Anglo-Dutch company poses a challenge for Britain’s long-standing retail power suppliers whose profit margins have come under growing pressure due to intense competition and the regulator’s price cap. read more

Jillian Ambrose: 24 MARCH 2019 • 6:57PM

Royal Dutch Shell will begin supplying renewable electricity to more than 700,000 homes in the UK this week as it powers up plans to take become the world’s biggest electricity company.

Under the brand Shell Energy, it will become one of the country’s biggest green power suppliers overnight when it replaces First Utility, a year after acquiring the “big six” challenger brand.

Customers will automatically switch to green energy at no extra cost.

“On Monday morning more than 700,000 homes will wake up, turn on the lights, and switch on the kettle, using renewable electricity,” said Colin Crooks, the chief executive of Shell Energy Retail. read more

Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP together have spent more than $1 billion on public relations since the Paris Agreement.

• By Alexander C. Kaufman
• Chris D’Angelo, HuffPost US
• 22 March 2019

The world’s five largest publicly traded oil companies are increasing their investments in oil and gas, putting a combined $110 billion in new fossil-fuel production.

Meanwhile, those firms are projected to spend just $3.6 billion on low-carbon investments, such as biofuels and renewables, according to a new analysis that Influence Map, a British nonprofit that analyzes corporate influence on climate policy, derived from industry data and numbers buried in company disclosures.

The reckless disparity comes just months after the United Nations warned that the world must rapidly phase out fossil fuel use over the next decade or face catastrophic global warming of at least 2.7 degrees Fahrenheit. read more

Angela Macdonald-Smith Energy reporter: Mar 20, 2019

The head of Europe’s biggest battery producer says the company’s takeover by oil giant Shell will give it the “bold” presence needed to thrive when the sector takes off in 18 to 24 months, when faster growth rates and tougher competition will prove a competitive test.

“We are in the very beginning of the storage market worldwide,” Sonnen chief executive Christoph Ostermann said during a visit to Australia this week. “We expect to reach an inflection point very, very soon and we have to prepare for that, secure financing for that and enhance our global footprint.” read more

Oil major prepares for fundamental shift towards lower-carbon energy sources

Ed Crooks and Anjli Raval in Houston

Royal Dutch Shell, one of the world’s biggest oil and gas groups, is aiming to become the largest electricity company by the 2030s, as it prepares for a fundamental shift in global energy supplies towards lower-carbon sources. Maarten Wetselaar, Shell’s director of gas and new energies, told the Financial Times that the group could develop a power business, including supplying customers, trading and providing equipment, that was the same size as its oil or gas operations. read more

AMSTERDAM, March 13 (Reuters) – Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, the companies said on Wednesday.

The tender for the wind farms, with total capacity of 750 megawatts (MW), is open until March 14 for bids that require no subsidies on electricity prices.

The Dutch were among the first to offer a ‘zero subsidy’ tender for wind power in 2017, with Sweden’s Vattenfall winning the right to build a 700 MW wind farm without price support. read more

By Kevin Crowley and Alix Steel: 11 March 2019, 20:09 GMT: Updated on 11 March 2019, 21:38 GMT

Oil major aims to be top power producer by early 2030s

Shell seeks 8-12% returns in historically low margin business

Royal Dutch Shell Plc plans to become the world’s biggest power company despite electricity’s historically narrow margins.

The world’s second-largest oil explorer by market value is spending up to $2 billion a year on its new energies division, mainly to grow in a power sector it envisions delivering 8 percent to 12 percent annual returns, according to Maarten Wetselaar, director of Shell’s integrated gas new energies unit. read more

Royal Dutch Shell plans to become the world’s biggest power company despite electricity’s historically narrow margins.

Written by Bloomberg – 12/03/2019 7:40 am

The world’s second-largest oil explorer by market value is spending up to $2 billion a year on its new energies division, mainly to grow in a power sector it envisions delivering 8-12% annual returns, according to Maarten Wetselaar, director of Shell’s integrated gas new energies unit.

“We believe we can be the largest electricity power company in the world in the early 2030s,” Wetselaar said.

“We are not interested in the power business because we like what we saw in the last 20 years.

“We are interested because we think we like what we see in the next 20 years.” read more

Written by David McPhee – 28/02/2019 7:20 am

Oil giant Shell has agreed a deal to acquire an energy generation trader as part of its low carbon transition.

Limejump works with generators to “optimise their generation assets within trading markets” such as the wholesale market.

The firm says it has created a Virtual Power Platform to “maximise asset developers return on investment and reduce the concentration of carbon-emitting energy sources”.

Once the deal is finalised, Limejump will become a wholly owned subsidiary of Shell.

Brian Davis, vice president of energy solutions at Shell New Energies, said: “We are impressed by the Limejump team and their track record of building a digital energy platform that connects and optimises a diverse range of assets. read more

John Parnell: Contributor: 25 Feb 2019

Today there were reports that oil and gas giant Shell is keen to get involved with the UK’s vibrant offshore wind sector. Earlier this month it announced that it bought the German energy storage and management provider sonnen.

If news had broken three years ago that Shell had acquired a 100% stake in a German energy storage company the reaction would have been confusion, surprise and probably a dose of suspicion.

In that time, the company has launched a consumer-facing utility brand, acquired an EV infrastructure firm and declared that electricity will be the “fourth pillar” of its business. read more

Oil giant Shell is rumoured to be keen on entering the UK offshore wind market, according to the firm’s new energy president.

Written by David McPhee – 25/02/2019 10:48 am

Mark Gainsborough, executive vice president of Shell New Energies, told Reuters during an interview last week that his firm intends to buy up UK seabed leases or buy up stakes in existing projects.

Shell recently bought a majority stake in a floating wind project planned for 2020

Originally investing 33% in the ‘TetraSpar’ floating foundation demonstrator turbine last year, Shell will now own 66% of the project.

Shell also pledged up to £1.4billion in new renewable energies last year. read more

Susanna Twidale, Ron Bousso: February 22, 2019

LONDON (Reuters) – Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country’s impending departure from the European Union, the head of the company’s New Energies division said.

Oil firms are increasingly building portfolios of clean energy projects to satisfy investor demands that they reduce their carbon footprint. Shell previously said it would spend $1 billion to $2 billion a year on green technology. read more

By Ivana Kottasová, CNN Business

Updated 1819 GMT (0219 HKT) February 15, 2019

London (CNN Business)Royal Dutch Shell is making a bet on home battery storage as it tries to boost its sustainable energy business.

The oil giant announced Friday that it has purchased Sonnen, a German startup that makes residential battery systems that store energy generated from solar panels.

The move puts Shell in direct competition with companies such as Samsung (SSNLF), LG (LPL) and Tesla (TSLA), which makes a home battery system called the Powerwall. read more

FEBRUARY 15, 2019

FRANKFURT (Reuters) – Royal Dutch Shell has agreed to buy German residential solar battery maker sonnen, as the oil and gas major expands its electricity business in its bid for a bigger role in the global transition to low-carbon energy.

Sonnen, which has 40,000 battery systems worldwide and in 2017 had sales of 65 million euros ($73 million), is the German market leader in home storage batteries and has expanded into electric vehicle charging systems.

Regulatory approval and completion of the transaction, involving Shell New Energies, was expected in the first quarter of 2019, a sonnen spokesman said, without giving a value. read more

Sophie Vorrath 13 February 2019

The Australian arm of global oil major, Royal Dutch Shell, has firmed up plans to build a 120MW solar farm in Queensland’s Western Downs region, which it describes as one of many “great opportunities” to evolve and grow the business in the Australian market.

In an address to the Melbourne Mining Club on Wednesday, Shell Australia chair Zoe Yujnovich said the “well-advanced plans” for the company’s first solar farm proposed building the 400,000 panel project on land adjacent to its QGC onshore natural gas business near Wandoan. read more

Jillian Ambrose, energy editor: 13 FEBRUARY 2019 

Royal Dutch Shell will join forces with renewable energy developers to build an €18m (£15.7m) floating wind project off the coast of Norway by next year.

The Anglo-Dutch fossil fuel giant will take a majority stake in the development company that hopes to prove that the cost of floating wind projects could fall significantly using innovating approaches.

Shell has increased its share of the project from an initial one third stake to almost two thirds, alongside German renewables company Innogy and Denmark’s Stiesdal Offshore Technologies. read more

Shell buys up controlling stake in floating wind project

Written by David McPhee – 14/02/2019 11:27 am

Energy giant Shell has bought a controlling stake in a floating wind project planned for 2020.

Originally investing 33% in the ‘TetraSpar’ floating foundation demonstrator turbine last year, Shell will now own 66% of the project.

The development project is a partnership between Shell, Innogy and Stiesdal Offshore Technologies (SOT).

It has a project budget of almost £16 million.

The demonstrator will also utilise a Siemens Gamesa 3.6 megawatt (MW) direct drive turbine.

Testing is due to begin in 2020 at the Marine Energy Test Centre (Metcentre) near Stavanger in Norway.

James Cotter, project manager at Shell, said: “Shell is working to grow our renewable power business and sees great promise in floating wind technologies that could change the face of the offshore wind industry over the next decade. read more

• Madeleine Cuff
• @Madeleine_BG
• 14 February 2019

Energy giants Shell and Innogy have teamed up with Stiesdal Offshore Technologies (SOT) to invest in an €18m demonstration project they hope could slash the costs of installing floating wind turbines.

The trio yesterday announced the final investment decision on the TetraSpar floating wind project, firing the starter gun on work to install a turbine with a floating foundation off the Norwegian coast.

The plan is to create a turbine foundation featuring a modular structure, which would be constructed from tubular steel and incorporate a suspended keel. The companies said that because the design can be assembled on land and towed fully constructed out to sea, it should deliver significant cost savings compared to current designs for floating turbines. read more

Makani could become a player in offshore wind power.

Alphabet is turning yet another one of its X projects into a business, but this time it’s enlisting the help of an unusual ally. Makani Power, a venture making electricity-generating kites (see above), has become a full-fledged subsidiary of Alphabet thanks in part to a minority investment from Shell — yes, the fossil fuel giant. The two hope to shift the technology from the land to offshore, where winds are stronger. They’re betting that the kites will be easier to deploy than conventional wind farms, since they could deploy with floating buoys instead of requiring platforms that reach down to the ocean bed. read more

Shell Australia has “well advanced” plans for a 120 MW utility scale PV array to supply its QGC onshore gas operations in northern Queensland. The announcement was made Shell Australia Chairman Zoe Yujnovich during a speech today, in which she pointed to an Australian “energy transition” in which “electrons will play a bigger role”.

The QGC operations sprawl across a landmass the size of Belgium and is Shell’s largest LNG project globally. Image: Shell

FEBRUARY 13, 2019 JONATHAN GIFFORD

Fossil fuel giant Shell’s largest liquefied natural gas (LNG) operations globally is set to be partly supplied by PV power. Shell Australia announced the move today, which will come in the form of a 120 MW solar farm to be developed on land that forms some of its QGC fracking operations in Queensland. The gas is liquefied, in an energy intensive process, at the 8.5 million tonne Curtis Island export facility near Gladstone – the company’s biggest LNG operation globally. read more

By Ivana Kottasová, CNN Business

Updated 0832 GMT (1632 HKT) February 12, 2019

London (CNN Business)Climate activists are preparing legal action aimed at forcing Royal Dutch Shell to exit the oil business.

A coalition of environmental groups in the Netherlands said Tuesday that they will hand over a court summons on April 5 if Shell does not change its business model to comply with the Paris climate accord. read more

By Marissa Luck, Staff Writer Feb. 1, 2019

Shell has named Gretchen Watkins as the new president of its North American operations in Houston. Watkins is the former CEO of Maersk Oil. Friday, Jan. 4, 2019, in Houston. Photo: Marie D. De Jesús, Houston Chronicle / Staff photographer

Gretchen Watkins’ family was living an idyllic life in Copenhagen, where bicycles outnumber cars on many the city’s roadways. The oil industry veteran said it was the norm for her kids to take public transportation to commute.

That was less than a year ago. Now her family has moved from one of the most bicycle-friendly cities in the world to a city dominated by highways and traffic congestion. Watkins, 50, went from living in a country whose leaders are debating ambitious new climate laws to a city whose fate is tied to the proliferation of fossil fuels.

It’s been almost a year since Watkins relocated her family to Houston so she could prepare to take over in one of Shell Oil Co.’s most iconic positions: She officially started as Shell’s president of U.S. operations in January, the first female in a position typically filled internally by longtime male employees. read more

Shell open to carmaker partners in EV charging expansion

FEBRUARY 1, 2019

STOCKHOLM (Reuters) – Shell is open to partnerships with carmakers to expand electric vehicle (EV) charging beyond its petrol stations, one of the oil major’s executives said on Friday.

As part of efforts to compete with rival BP in the growing EV sector, Shell this week bought U.S. charger provider Greenlots – a supplier for Volvo and Volkswagen’s U.S. subsidiary as well as for utilities and residential sites – for an undisclosed sum. read more

Shell ‘leading the way’ on climate change

Written by Mark Lammey – 31/01/2019 12:38 pm

Oil super major Shell is “ahead of the curve” on facing up to climate change responsibilities, its boss said today.

Green investor groups have been putting increasing pressure on oil companies to clean up their acts in recent times.

In December, Shell revealed plans to link pay for its top brass to the achievement of emissions targets.

Shell said it would start setting targets for shorter periods in an effort to cut the net carbon footprint of its energy products by around half by 2050, and 20% by 2035. read more

Written by Mark Lammey – 30/01/2019 7:00 am

The Anglo-Dutch firm wants to “reset” the way it works with suppliers and will look to cement “fewer, but deeper” relationships, said Neil Gilmour, vice president CP integrated gas, projects and new energies.

Mr Gilmour said more benefit could be extracted from longer-term relationships were operators and suppliers “keep each other on their toes commercially”.

Speaking at BHGE’s annual meeting in Florence, Mr Gilmour said: “It’s a pivotal moment for the energy industry. It’s a pivotal moment for Shell and also for its relationships with suppliers. read more

JANUARY 14, 2019

AMSTERDAM (Reuters) – Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch energy company Eneco [ENECO.UL], which analysts estimate to be worth around 3 billion euros ($3.4 billion).

The 53 municipalities that own Eneco, which is heavily invested in sustainable energy projects, said in December they will sell it via an auction later this year.

Shell and PGGM, who gave no financial details, said they were looking for “a long term commitment” with Eneco, which is expected to appeal to energy companies that want to increase their exposure to renewable energy production. read more

Energy giant Shell has announced today that it will partner with energy storage firm Anesco at the Bacton gas terminal near Norfolk.

Written by David McPhee – 10/01/2019 11:28 am

A UK renewable energy company, Anesco will work with Shell on a battery storage project at the site.

Anesco will provide the design, procurement, installation, commissioning and maintenance of the utility scale system.

Anesco executive chairman, Steve Shine siad: “We are delighted to be partnering with Shell New Energies on this exciting new project in the storage sector.

“It marks another significant milestone for us at Anesco. We have fully complied with Shell’s high standards of quality and safety and that is a massive compliment to the Anesco team.” read more

Shell’s wind development division considers Britain, including the North Sea, to be a key offshore market: ARTERRA/UIG/GETTY IMAGES

Royal Dutch Shell is considering bidding for rights to develop offshore wind farms in British waters as the Anglo-Dutch oil major seeks to re-enter the UK sector after a ten-year absence.

Dorine Bosman, Shell’s vice-president of wind development, said that the company was interested in seabed leases that are due to be awarded this year by the Crown Estate. read more

Spreadsheet-analysing investors in control of trillion-dollar funds are forcing polluters to change

Anjli Raval and Attracta Mooney in London: 27 December 2018

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan. Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050… This December it pledged to set firm short-term emissions targets from 2020 that will be tied to executive pay. “If we don’t meet them there will be consequences to my salary and others,” said Ben van Beurden, Shell’s chief executive. FULL FT ARTICLE read more

By Irina Slav – Dec 26, 2018, 10:00 AM CST

Shell plans to increase the annual amount of money it invests in renewable energy to US$4 billion, the supermajor’s head of gas and new energy, Maarten Wetselaar told The Guardian in an interview.

The figure is double the maximum current annual investment Shell has allocated for cleaner energy initiatives but the increase will only materialize if these initial investments prove to make financial sense.

“I would like my current business to be financially credible enough for not only the company, but shareholders, to want to double it and look at more,” Wetselaar told The Guardian. read more

Company already committed to spend $1bn-$2bn annually in the next two years on low carbon energy read more

Written by Rebecca Buchan – 24/12/2018 7:40 am

REVVY, STEADY, GO: The Shell Recharge initiative is being brought to Scotland after it met with great success south of the border

Energy giant Shell has announced it is throwing its weight behind renewable energy in Scotland with the introduction of three electric charge points at locations around the country.

Charging docks will be placed at service stations in Aberdeen, Glasgow and Dunblane in a move which rolls out an already well established initiative, Shell Recharge, north of the border following its success in England. Jane Lindsay-Green, Shell UK future fuels manager, said the sites were chosen because of their proximity to main driving routes, and where there is an opportunity to reach more EV drivers. read more

Emily Gosden, Energy Editor: December 21, 2018

Royal Dutch Shell has boosted its expansion into the offshore wind sector with two deals to establish a significant position in the nascent US industry.

The Anglo-Dutch energy group has splashed out $175 million over the past week on the rights to develop hundreds of turbines in the waters off New Jersey and Massachusetts, which could power more than 1.5 million homes.

Dorine Bosman, vice-president for wind development at Shell, below, said its expertise from developing offshore oil and gas fields should help it to compete against established offshore wind players to secure subsidy contracts needed for the proposed wind farms to go ahead. read more