Shell is selling every solar farm it owns in the Netherlands. The five sites, plus a combined wind and solar park at Pottendijk near Emmen, are going to the French oil company TotalEnergies. The deal covers all of Shell’s wind and solar projects on land across Europe (its offshore windfarms are not included) and the company will not disclose what it is being paid. The Dutch sites can produce up to 254 megawatts between them, enough to power tens of...
You have two wars directly affecting major hydrocarbon exporting countries and the strategic reserves of several countries are at a generational low. Shell is likely betting that oil is going to spike, which probably isn’t bad for electrification as a concept.
We’ve also been seeing in adjacent industries that the skills to succeed in hydrocarbon related energy don’t exactly transfer well to non-hydrocarbon related energy. Shell may be bad at building out solar because solar works on different scales than they are used to.
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You have two wars directly affecting major hydrocarbon exporting countries and the strategic reserves of several countries are at a generational low. Shell is likely betting that oil is going to spike, which probably isn’t bad for electrification as a concept.
We’ve also been seeing in adjacent industries that the skills to succeed in hydrocarbon related energy don’t exactly transfer well to non-hydrocarbon related energy. Shell may be bad at building out solar because solar works on different scales than they are used to.
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