Shell says it has agreed to sell its European onshore renewables business to TotalEnergies. According to reporting from multiple outlets, the scope of the transaction includes onshore wind and solar assets across several European countries. Sources specifically state that the deal covers assets located in the UK, Italy, the Netherlands and Spain. The reporting also describes the agreement as a sale of Shell’s European onshore renewables portfolio to TotalEnergies, a deal that would transfer control of those generation assets to the buyer. The articles do not provide additional transaction details such as the purchase price, timing of completion, or any regulatory approvals required. The outlets also do not specify whether the business being sold includes associated operations or development pipeline assets beyond the named country holdings. Overall, the accounts converge on the same central points: Shell is selling its European onshore renewables business and TotalEnergies is the agreed acquirer, with the portfolio spanning multiple European markets.
Shell agrees to sell European onshore renewables business to TotalEnergies
Shell says it has agreed to sell its European onshore renewables business to TotalEnergies. According to reporting from multiple outlets, the scope of the transaction includes onshore wind and solar a...
- Shell agrees to sell its European onshore renewables business to TotalEnergies.
- The transaction covers assets in the UK.
- The transaction covers assets in Italy.
- The transaction covers assets in the Netherlands and Spain.
- Multiple outlets report the deal relates to Shell’s onshore wind and/or solar renewables portfolio.
The FTSE 100 energy giant said the deal will include assets in the UK, Italy, the Netherlands and Spain.
2 hours agoThe FTSE 100 energy giant said the deal will include assets in the UK, Italy, the Netherlands and Spain.
2 hours ago
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