Shell is scaling back renewables in Brazil due to market challenges, focusing on higher return assets.

From Nasdaq: 2025-03-28 12:27:00

Shell plc has decided to scrap its solar and onshore wind projects in Brazil due to challenges in the country’s renewable power market, including oversupply and regulatory hurdles. The company plans to focus on power generation assets with higher returns and will scale down investments in low-carbon energy projects.

Shell is in discussions with Brazil’s energy regulator to revoke its rights to operate certain solar projects in Brazil. The company will continue to run a smaller firm, Prime Energy, focused on distributed generation. Some better-ranked stocks in the Energy sector include Archrock Inc., Nine Energy Service, and NextDecade Corporation.

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Read more at Nasdaq: Shell Scales Back Renewables in Brazil, Readjusts Power Portfolio