Shell sells Dutch solar farms in retreat from renewables - DutchNews.nl
www.dutchnews.nl
Shell is selling every solar farm it owns in the Netherlands. The five sites, plus a combined wind and solar park at Pottendijk near Emmen, are going to the French oil company TotalEnergies. The deal covers all of Shell’s wind and solar projects on land across Europe (its offshore windfarms are not included) and the company will not disclose what it is being paid. The Dutch sites can produce up to 254 megawatts between them, enough to power tens of...
  • tigermountain@lemmy.world
    3·
    vor 2 Tagen

    I would have hoped this article would tell me why their CEO has shifted spending back towards oil and gas and away from low-carbon projects.

    • Mangoholic@lemmy.ml
      2·
      vor 1 Tag

      Because everything stillrunds on oil gas and the pedos are doing everything they can to raise the price and cash in. Like bombing Iran. Suddenly the new oil fields are not wasted…

  • queermunist she/her@lemmy.ml
    30·
    vor 3 Tagen

    Investing in the future costs money and lowers our quarterly profits, just sell it off so the investors get bigger numbers immediately.

    And remember: markets are efficient 🤡

  • ☂️-@lemmy.ml
    13·
    vor 3 Tagen

    ugh not a good sign at all.

    electrification looked to be right around the corner but i guess we have to boil the planet a bit further for the shareholders.

      • ☂️-@lemmy.ml
        61·
        vor 3 Tagen

        that’s true, we don’t. my logic is that if they are divesting from renewables and doubling down on oil, it means they see a trend back into oil we aren’t right now. us govt seems to want to stay on it real bad, petrodollar shit.

        could be that they want to surf on the currently high prices too.

        • HobbitFoot English
          5·
          vor 3 Tagen

          You have two wars directly affecting major hydrocarbon exporting countries and the strategic reserves of several countries are at a generational low. Shell is likely betting that oil is going to spike, which probably isn’t bad for electrification as a concept.

          We’ve also been seeing in adjacent industries that the skills to succeed in hydrocarbon related energy don’t exactly transfer well to non-hydrocarbon related energy. Shell may be bad at building out solar because solar works on different scales than they are used to.

          • ☂️-@lemmy.ml
            1·
            vor 3 Tagen

            oil is going to spike

            i’m glad we’re mostly depending on ethanol and biodiesel for our food to come to our local groceries. even then it’s gonna be difficult.

            shit is getting shaken up that’s for sure. might be ultimately good that they are doubling down on iran.