From Yahoo Finance: 2025-03-28 11:09:00

Shell is discontinuing solar and onshore wind projects in Brazil due to oversupply, slow demand growth, and regulatory uncertainties. The decision aligns with a broader strategy to reduce expenditure on low-carbon ventures. Shell will maintain a presence in Brazil’s renewable sector through Prime Energy, focusing on smaller solar assets. The company announced plans to scale back offshore wind investments in December 2024 and will optimize returns from onshore assets with capital-light models and partnerships. In related news, Shell Energy North America acquired a 609MW gas turbine power plant in Rhode Island.



Read more at Yahoo Finance: Shell discontinues solar and onshore wind projects in Brazil