Shell's US solar subsidiary, Savion, sells 25% of 10.6 GW solar assets as part of Shell's strategic shift under CEO Wael Sawan.

Shell's US solar subsidiary, Savion, is selling 25% of its 10.6 GW solar generation and storage assets in the US, as part of Shell's strategic shift under CEO Wael Sawan. The company focuses on higher-margin projects, steady oil output, and boosting natural gas production. The assets are being sold under lower renewables valuations, but remain pivotal to the energy transition.

February 29, 2024
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