Related Articles
Forward article link
Share PDF with colleagues

Big oil buying into green

2018 looks set to be another big year in renewables deal-making for the oil majors

Shell took another big leap into the renewables business this week with the purchase of a 43.8% stake in private equity backed US solar developer Silicon Ranch in a deal worth as much as $217m. Silicon Ranch operates a slew of solar projects across California and the northeast, and has more recently turned its attention to the southeastern states of Georgia, Mississippi and Tennessee, where the solar industry is less developed. The company has 880 megawatts of installed capacity with another 1 gigawatt in the pipeline, which will vault it into the upper echelon of US solar developers. The deal gives Shell an option to increase its stake in Silicon Ranch in 2021. It is the latest move from

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US to lag Europe in passenger EVs
21 June 2021
Current state of battery technology better suited for smaller cars popular in Europe
Gulf producers take aim at green LNG market
21 June 2021
Oman sells first carbon-neutral cargo while Qatar sets sights on major expansion of low-carbon supply from North Field East
Blue hydrogen and CCS investment needed
21 June 2021
Blue hydrogen will be crucial to the development of green hydrogen economy, says speakers at Citizens Energy Congress panel
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video