As per Shell's statement, the acquisition will help it establish an integrated power business in order to achieve its . They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Sustainability, View Shell Trading and Supply, View Sep 15, 2021. The term Shell interest is used for convenience to indicate the direct and/or indirectownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Read more here, Official openingin March 2022 with 55,000 solar panels and peak capacity of 30 megawatts. The team will develop the combined portfolio, continue to pursue new projects, and support our corporate power purchase agreement (PPA) offerings to customers commented Ivan Niosi, Head of Renewables Power Development Shell Italy and newly appointed CEO of solar-konzept Italia. Supplier Diversity, View Shell Fleet Solutions, Health, Security, Safety and the Environment, Accelerate to Zero | Shell Fleet Solutions & Consultancy, View Entitiesoverwhich Shell has significant influence butneithercontrolnor joint controlare referred to as associates. The acquisition fee is undisclosed. The role technology plays, View Our strategy: Powering Progress, View The acquisition announced in August has now received all necessary regulatory approvals. We are expanding our solar power generation capability by investing in the development and operation of long-term commercial and industrial solar projects. Energy and innovation, View Shell Brand Licensing, View Marine, HSSE & Social Performance Commitment and Policy, Smarter maintenance for optimised performance, View Read more here, First Middle East project launched by Oman Shell, comprises 88,000 solar panels and generates 25 megawatts. Shell Chemicals, View Results and reporting, View News and filings, View Debt information, View Business customers, View Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy . Thesetermsare also used where no useful purpose is served by identifying the particularentityorentities. With this acquisition, Shell expects to significantly expand its global solar portfolio. Transparency and sustainability reporting, Voluntary reporting standards and ESG ratings, View Industrial Lubricants and Oils for Business, View Each forward-looking statement speaks only as of the date of thisannouncement, 14 December 2021. Shell Trading and Supply, View Shale Oil and Gas, View Careers at Shell, View A planet destined for more people and rising living standards will need more energy. Eastern and southern Africa are "attractive markets" with "huge potential," says Ghana-based Osoka. Entrepreneurs and Start-ups, View Ways to Pay, Shell | Fuel Rewards Credit Card Navigation, View Energy From Deep Water, About Shell Deep Water in the Gulf of Mexico, Shells Deep Water Portfolio in the Gulf of Mexico, Shells ambition to be a net-zero emissions energy business, View Sustainability, View Annual General Meeting, Shell plc 2022 Annual General Meeting webcast, View Shell Deutschland GmbH, a wholly owned subsidiary of Shell, has completed its 100% acquisition of SBRS GmbH, a wholly owned subsidiary of Schaltbau Holding AG, a leading provider of charging infrastructure solutions for commercial electric vehicles. News and filings, View Conservation, View Savions significant asset pipeline, highly experienced team, and proven success as a renewable energy project developer make it a compelling fit for Shells growing integrated power business, said Wael Sawan, Integrated Gas and Renewables & Energy Solutions Director. Transparency and sustainability reporting, View Savion's acquisition expands Shell's existing solar and energy storage portfolio, where Shell holds interest in developers such as Silicon Ranch Corporation in the U.S., Cleantech Solar in Singapore, ESCO Pacific in Australia, owns sonnen, a smart energy storage company in Germany, and EOLFI, a wind and solar developer in France. Business customers, View Private Securities Litigation Reform Act of 1995)concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing managements expectations, beliefs, estimates, forecasts, projections and assumptions. Sustainability our approach, View Shell aims to sell more than 560 terawatt-hours globally per year by 2030 as part of its Integrated Power business, twice as much electricity as the company sells today, and expects to serve more than 15 million retail and business customers worldwide as a leading provider of clean Power-as-a-Service. The use of the term ShellsNetCarbonFootprint is for convenience only and not intended to suggest these emissions are those of Shell or its subsidiaries. We are using more solar power at our own sites and building solar farms worldwide. Careers at Shell, View shell solar acquisition. Candidate Resource Centre, View Savions acquisition will expand Shells existing solar and energy storage portfolio, where Shell holds interest in developers such as Silicon Ranch Corporation in the U.S., Cleantech Solar in Singapore, ESCO Pacific in Australia, owns sonnen, a smart energy storage company in Germany, and EOLFI, a wind and solar developer in France. Shell Commercial Fuels, View Debt information, View Also, in thisannouncement we mayrefer to ShellsNetCarbonFootprint, whichincludes Shells carbon emissions from the production of our energy products, our suppliers carbon emissions in supplying energy for that production and our customers carbon emissions associated with their use of the energy products we sell. Ways to save, View View Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie's Green Investment Group. Wemay haveusedcertain terms, such as resources,in thisannouncementthattheUnited States Securities and Exchange Commission (SEC)strictly prohibitsus from including inourfilings with the SEC. In the future, as society moves towards net-zero emissions, we expect Shells operating plans, outlooks, budgets and pricing assumptions to reflect this movement. Aviation, View Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has completed the acquisition of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the . Careers FAQs, View Safety, View This acquisition falls within the 2021 Renewables & Energy Solutions cash capital expenditure budget of $2-3 billionas disclosed at. Electricity, Another step towards a global electricity business, View The companies said the deal stood to accelerate their respective abilities to . Annual General Meeting, Shell plc 2022 Annual General Meeting webcast, View Our strategy: Powering Progress, View The Future. Subject to regulatory approval, Shell Petroleum Development Company is set to acquire Daystar Power. Likewise, the words we, us andourare also used to refer toRoyal Dutch Shell plc anditssubsidiaries in general or to those who work for them. Shale Oil and Gas, View Sustainability, View Business Customers, View For more details on Shells Powering Progress strategy, please visit. Sustainability our approach, View Shell Motorsport, View Shell Catalysts & Technologies, Subscribe to Shell Catalysts & Technologies, View With this acquisition, Shell expects to significantly expand its global solar portfolio. Shell Dec 14, 2021, 07:00 ET HOUSTON, Dec. 14, 2021 /PRNewswire/ -- Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion. Sectoral decarbonisation: transportation and industrial customers, Shell builds a winning consortium to accelerate the electrification of off-road mining vehicles, View ESG information hub, View Investors, View Annual General Meeting, View The Savion acquisition bolsters Shells strategy to develop an integrated power business as it moves to become a net-zero emissions energy business by 2050, in step with society. Savion is based in Kansas City, Missouri, U.S., and currently employs 124 staff. Shell Renewables announced earlier this week, that they have completed the acquisition of all the shares held by Siemens AG and E.ON Energie AG in the former solar photovoltaic (PV) joint venture Siemens and Shell Solar GmBH. The company has offices in Italy and in the UK. As part of this strategy, Shell aims to sell more than 560 terawatt hours of power globally per year by 2030: twice as much electricity as the company sells today. Shell Brand Licensing, View Savions acquisition will expand Shells existing solar and energy storage portfolio, where Shell holds interest in developers such as Silicon Ranch Corporation in the U.S., Cleantech Solar in Singapore, ESCO Pacific in Australia, owns sonnen, a smart energy storage company in Germany, and EOLFI, a wind and solar developer in France. Keep up to date with developments at Shell via email alerts, Twitter or other social media. This acquisition falls within the 2021 Renewables & Energy Solutions cash capital expenditure budget of $2-3 billionas disclosed at. The term Shell interest is used for convenience to indicate the direct and/or indirectownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Safety, View Integrating sustainability into our activities, Producing oil and gas responsibly and efficiently, Embedding sustainability into our major projects, Investing in access to energy for communities, View Marco Marsili, Shells VP Italy and Country Chair said Italy is a priority market for Shells Renewables & Energy Solutions business. The acquisition increases Shell's solar development pipeline in Italy to approximately 2GW and supports Shell's global ambition to supply customers with renewable power. The companyis headquartered in Singapore and operates across India and Southeast Asia, focusing on long-term investments within the commercial and industrial customer segments. Electricity, Another step towards a global electricity business, View Candidate Resource Centre, View Integrating sustainability into our activities, Producing oil and gas responsibly and efficiently, Embedding sustainability into our major projects, Investing in access to energy for communities, View Shell Chemicals, The benefits of chemicals in everyday life, Chemical recycling: tackling plastic waste, View