Strong points :
- Renewable energy generated by the solar and wind projects will be supplied to UK customers through power purchase agreements (PPAs).
- Shell plans to invest up to £25bn in Britain’s energy system over the next decade
Global energy conglomerate Shell has announced that it is working on the purchase of four solar farm projects with a total capacity of 100 MW which are currently being developed by Anesco. Located in North Wales, Chester, South Northamptonshire and North Lincolnshire, the sites have been developed by Anesco over the last 18 months and are currently in the final planning stages.
According to the statement released by Shell, the renewable energy generated by these projects will be supplied to UK customers through power purchase agreements (PPAs).
Shell said the deal built on a long-standing relationship between the two players, who successfully collaborated on a battery storage plant at Shell’s Bacton gas terminal site in Norfolk. Additionally, in March 2022, Anesco completed the development of the third of a trio of solar parks for Shell in the Netherlands. These parks included a 12 MWp generator in Emmen, a 14 MWp solar park in Friesland and a 30 MWp solar installation in Sas Van Gent.
Lukas Fleming, Head Onshore Power, Shell UK, commented on the development: “Shell is building a business that spans the generation, trading and supply of clean energy to homes and businesses here in the UK. Acquiring these four solar power projects from Anesco will enable us to meet a greater share of the growing demand for renewable energy from our UK customers. »
Shell has set a global target to be a net-zero energy company by 2050 and plans to invest up to £25bn in Britain’s energy system over the next decade, subject to the approval of the board of directors. Increasing renewable energy generation is key both to delivering Shell’s strategy and to helping the UK achieve its 2050 net zero ambition.
Shell is developing some of the world’s leading solar energy projects to accelerate decarbonisation. The Gangarri Solar Project in Australia is a large 120 MW solar energy project that will generate clean electricity from 330,000 photovoltaic panels.
Then there is also a 58 MW solar project in Canada being built by Shell and Silicon Ranch next to Shell’s energy and chemical park in Scotford.