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Shell to exit solar and onshore wind projects in Brazil

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Shell has decided to discontinue its solar and onshore wind power generation projects in Brazil, citing a portfolio adjustment, as reported by Reuters.  The move reflects challenges in the country’s renewable sector, including energy oversupply, slow demand growth, and regulatory uncertainties. Documents from Brazil’s official gazette indicate that Shell is seeking to revoke rights for operating certain solar plants in central-west and northeastern Brazil. Despite this exit, Shell will remain active in Brazil’s renewable sector…

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Shell reduces offshore wind investments, restructures power division

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Shell is scaling back its offshore wind investments and restructuring its power division following a comprehensive review.  This shift aligns with CEO Wael Sawan’s strategy to focus on high-return activities, particularly in oil, gas, and biofuels, while reducing costs in low-carbon and renewable sectors. A Shell spokesperson confirmed that the company will not lead new offshore wind developments but remains interested in offtakes with acceptable commercial terms and may consider equity positions in compelling investment…