Renewable Market Welcomes New Investments, This Time From Multinational Shell

Written by Roberta Souza

Published on 08/02/2021 at 16:47

Shell investe em energia renovável

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Focused on Renewables, Shell Plans to Invest in Hydrogen This Time

Shell is committed to the rapid growth of the renewable energy market, focusing on hydrogen usage, the growth of biofuels, and energy trading. The company has strategically moved away from oil production in line with market prospects. The oil company’s official strategy will be announced on February 11, according to an article published by Petronotícias.

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Commitment to Carbon Emissions:

In addition to abandoning fossil fuels, the Anglo-Dutch company also aims to increase its appeal to investors concerned about the energy giant’s prospects for reducing greenhouse gas emissions in a changing world.

Shell announced in October 2020 that it would increase its spending on low-carbon energy by 25% within five years. Recently, the company announced that it wanted to develop a solar energy project in Paraíba. The project comprises seven parks with an installed capacity of approximately 323 MW. The request for authorization from Aneel is the first step to enable energy generation projects.

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Petrobras in the Market:

Major oil companies worldwide, such as Equinor, BP, and Total, have shown plans to expand their businesses in the renewable energy market. Petrobras, according to the company’s executive, stated that it lacks expertise in this area and therefore prefers to invest in a method it knows: oil and natural gas production.

Roberto Castello Branco said, “We do not have competence in this area, we are humble, we will not go out buying offshore wind farms or investing in energy transmission and other things. We will invest in what we know how to do well: oil and gas production.”

Renewable Market Welcomes New Investments, This Time From Multinational Shell

Focused on Renewables, Shell Plans to Invest in Hydrogen This Time

See Other News of the Day:

Commitment to Carbon Emissions:

Petrobras in the Market:

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Renewable Market Welcomes New Investments, This Time From Multinational Shell

Focused on Renewables, Shell Plans to Invest in Hydrogen This Time

See Other News of the Day:

Commitment to Carbon Emissions:

Petrobras in the Market:

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An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

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