Despite this shift, Shell will maintain its presence in Brazil's renewable sector through Prime Energy, which manages smaller solar generation assets within the distributed generation segment.

Shell plc SHEL ... onshore wind projects in Brazil. Its decision to discontinue these projects was likely influenced by a challenging environment for investments in renewable power projects ...

The move also comes in an increasingly challenging environment for renewable power investments in Brazil, where projects have struggled to be implemented due to oversupply of energy, a slow growth in ...

Shell has decided to scrap wind and solar power generation projects it had planned to build in Brazil, citing the unfavorable investment environment, per a Reuters report. “We are always ...

Shell makes Final Investment Decision for the Gato do Mato project, aiming for 120,000 bpd production by 2029. The project, located in Brazil’s Santos Basin, is expected to deliver strong ...

Shell (NYSE:SHEL) said Friday it made a final investment decision for the Gato do Mato project in the deepwater section of Brazil’s Santos Basin pre-salt area. Shell (NYSE:SHEL) said its ...

RIO DE JANEIRO, March 21, 2025 /PRNewswire/ -- Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water ...

Shell is discontinuing its solar and onshore wind power generation projects in Brazil, as part of a "portfolio adjustment", the company said on Thursday.

Supermajor Shell has reportedly decided to walk ... The move also comes in an increasingly challenging environment for renewable power investments in Brazil, where projects have struggled to ...