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Commodities

Shell Sells European Onshore Renewables Portfolio to TotalEnergies

Oilprice.com · 1h ago · 🇫🇷 France

Shell Sells European Onshore Renewables Portfolio to TotalEnergies

Shell has signed an agreement to sell its European onshore renewables portfolio to French peer TotalEnergies, the UK-based supermajor said on Monday as it prioritizes capital allocation into high-value businesses. The portfolio included in the transaction comprises 0.5 gigawatts (GW) of combined renewable generation capacity in operation and in development, as well as a pipeline of projects for future development across Italy, the Netherlands, Spain, and the UK. The transaction is subject to regulatory approvals and is expected to complete by the…

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