Shell plans $1B offshore wind sale amid energy strategy shift
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Shell plans to sell offshore wind assets valued at over $1 billion, with transactions expected between late 2026 and 2027. This divestment marks a strategic shift away from renewables, following previous exits from European onshore projects and India's Sprng Energy. CEO Wael Sawan is redirecting capital toward oil, gas, and LNG sectors, citing stronger returns compared to large-scale renewable investments.
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