Shell reportedly plans $1 billion+ sale of offshore wind assets as it shifts focus to LNG
By
Michelle Lewis
Front-window bakery material. Catches the eye, delivers the goods.
Summary
Shell is reportedly planning to sell its offshore wind farm assets in a deal that could exceed $1 billion. The oil giant has hired Rothschild & Co and PJT Partners as advisers, with the sales process likely to take place around 2027. This move comes as Shell continues shifting its capital focus toward LNG (liquefied natural gas), signaling a strategic pivot away from offshore wind energy investments. The report, originally from Bloomberg and relayed by Reuters, remains preliminary with no specific assets or locations identified. Shell declined to comment.
Key quotes
· 3 pulledShell is planning to sell its offshore wind farm assets in a deal that could raise more than $1 billion, Bloomberg reports.
Shell has hired Rothschild & Co and PJT Partners as advisers, and that the sales process is likely to take place around 2027.
Shell declined to comment to Reuters, which also said it could not independently verify Bloomberg's report.
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