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Shell To Become A Renewable Energy Company?

By  20 July 2018

Summary

  • Shell’s Energy Transition Report envisions a low fossil fuel future. It is therefore taking steps to adapt to this vision.
  • It is currently spending about $1-2 billion per year on a segment called “new energies”.
  • While its Energy Transition Report seems unrealistic, raising potential concerns in regards to Shell’s investment strategy, there are valid reasons to diversify, such as low oil & gas discovery levels.
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell’s Offshore Wind Play Energizes Renewables Industry

    By Bobby Magill: July 20, 2018

    If Royal Dutch Shell Plc wins a federal lease to build an offshore wind farm in New England this fall, the company will be the first oil major with experience drilling in U.S. waters to enter the fledgling domestic offshore wind market. Shell’s interest in U.S. offshore wind development is seen within the industry as marking a shift toward the mainstream of the domestic energy sector, as offshore wind strengthens ties with the oil industry while harnessing one of the nation’s largest untapped sources of carbon-free electricity. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell must be bold to keep pace in brave new world

    The Sunday Telegraph: 8 JULY 2018

    A few months ago, Shell published a startling report on the future of the energy industry. Despite its dry title, the Energy Transition Report provided a scarcely believable vision of a world in 50 years that is recognisable from the one that seven billion of us occupy today, a planet that has been turned upside down by its very battle for survival. .

    Electricity is expected to surge from about 18pc to 40pc of global energy consumption in the next 20 years, and by 2050, every car on the road will be an electric one. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell-Partners consortium ready to build Dutch offshore wind farm

    Shell-Partners consortium ready to build Dutch offshore wind farm

    Reuters Staff: JUNE 28, 2018

    AMSTERDAM (Reuters) – A consortium led by Swiss investor Partners Group and Royal Dutch Shell said it has secured financing for the building of a 1.3 billion euros ($1.5 billion) wind farm in the Dutch part of the North Sea.

    Shell and consortium partners Eneco, Van Oord and Mitsubishi/DGE were awarded the “Borssele 3 and 4” project in December 2016, at what at the time was the Netherlands’ lowest-ever strike price of 54.50 euro cents per megawatt-hour.

    Building of the wind farm, which will have the capacity to power around 825,000 households, will start in the fourth quarter of 2019, with production expected to begin in 2021. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell sees no risk of ‘stranded assets’ as reserves life shrinks

    FILE PHOTO: Electric car chargers are seen at the Holloway Road Shell station where Shell is launching its first fast electric vehicle charging station in London, Britain October 18, 2017. REUTERS/Mary Turner/File Photo

    Dmitry Zhdannikov: APRIL 12, 2018

    LONDON (Reuters) – Royal Dutch Shell said on Thursday it saw little risk of having “stranded assets” in its portfolio as the world shifts to low carbon energy because the oil major will have four-fifths of its current oil and gas reserves extracted before 2030 anyway.  read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell invests more than other oil multinationals in sustainable energy

    Shell took a stake in the US solar developer Silicon Ranch this week. It is already the fifth major investment of the New Energies component in more than six months.

    Printed below is an English translation of an article published today by the Dutch equivalent of the Financial Times, Financieele Dagblad

    Shell took a stake in the US solar developer Silicon Ranch this week. Photo: Silicon Ranch

    Shell is stealthily getting a bit green

    Gert van der Have Bert van Dijk • Entrepreneurship

    Shell took a stake in the US solar developer Silicon Ranch this week. It is already the fifth major investment of the New Energies component in more than six months.

    Shell is synonymous with oil tankers, refineries, drilling platforms, gas installations and petrol pumps for most Dutch people. Not surprising, because that was and is Shell and Shell will still be for a time. But at the same time, the Dutch-British group is investing faster in new, cleaner forms of energy; it sees that societies, politicians and climate agreements limit the margin of maneuver of fossil fuels ever further. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Fossil fuels blown away by wind in cost terms: study

    New onshore wind and solar energy projects are set to deliver electricity more cheaply than fossil fuels plants, with other green technologies also rapidly gaining a cost advantage over dirty fuels, a report published Saturday said. 

    According to a new cost analysis from the International Renewable Energy Agency (IRENA), within two years “all the renewable power generation technologies that are now in commercial use are expected to fall within the fossil fuel-fired cost range, with most at the lower end or undercutting fossil fuels”.

    It expects renewables will cost between three and 10 US cents per kilowatt hour (kWh) by 2020, while the current cost spectrum for fossil fuel power generation ranges from five to 17 US cents per kWh. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan
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