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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

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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

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