---
title: "Shell plans $1B offshore wind sale amid energy strategy shift"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289666156.md"
description: "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."
datetime: "2026-06-13T12:43:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289666156.md)
  - [en](https://longbridge.com/en/news/289666156.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289666156.md)
---

# Shell plans $1B offshore wind sale amid energy strategy shift

Major divestment move: Shell aims to sell offshore wind farms valued at more than $1 billion, with the process potentially starting in late 2026 and closing in 2027. Shift in priorities: The sale continues Shell’s retreat from renewables, following exits from European onshore projects and India’s Sprng Energy. Fossil fuel focus: CEO Wael Sawan is steering capital toward oil, gas, and LNG, citing stronger returns than from large-scale renewable projects.

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