None
EN
Shell to sell European onshore renewables business to TotalEnergies
['Henry Saker-Clark Pa']
Irish News
Shell has agreed to sell its European onshore renewables business to TotalEnergiesShell has agreed to sell its European onshore renewables business to TotalEnergies.
The FTSE 100 energy giant said the deal will include assets in the UK, Italy, the Netherlands and Spain.
TotalEnergies will take over a four gigawatt renewables portfolio, including 500 megawatts of solar and wind assets in operation and under construction.
The portfolio includes a pipeline of solar, wind and battery storage projects in Italy, the UK and Spain.
Shell’s move to reduce its exposure of the UK energy sector comes only days after rival BP said it was putting its UK North Sea business up for sale after 60 years of production.