Shell CEO Ben van Beurden
Shell warns of renewables cost inflation
Company closely monitoring rising costs of wind turbines and batteries, CEO Ben van Beurden says
Shell is closely monitoring cost inflation in the renewables sector, with particular concerns over wind turbine and battery supply chains, says CEO Ben van Beurden. “Probably where we see most of the supply chain cost inflation is actually in the renewables space,” he told the company’s fourth quarter earnings call with analysts. “Wind turbines are significantly up, but also battery costs; you see the raw materials there also being significantly affected by inflation—that supply chain,” he says. “That is something that we are watching carefully because of course, quite often, you bet on projects where you have to take a view on how costs subsequently will develop.” Van Beurden says rising co
Also in this section
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
