Shell has signed deals with two of the UK’s leading solar PV developers to support the establishment of new utility-scale solar PV projects in the UK.
Shell has signed a framework agreement with the renewable energy developer Island Green Power to develop solar PV projects with co-located battery storage potential, with an initial collaboration on over 700MW total generating capacity.
Shell has also partnered with Clearstone Energy to develop several utility-scale solar PV projects in the South-East of England. The Clearstone Energy projects have a total combined export capacity of 100 MW with co-located storage potential, enabling Shell to generate renewable power close to customer demand. Both deals would be subject to a future final investment decision.
David Bunch, Chairman, Shell UK said: “Shell is building an integrated power business which spans the renewable generation, trading and supply of clean energy to businesses and consumers. We will work with both Island Green Power and Clearstone Energy to deliver high-quality solar PV projects to supply more of our UK customers with renewable power.”
Shell has set a global target to be a net zero emissions energy business by 2050, in step with society. Increasing renewable power generation will play a key role in delivering the strategy, as well as supporting the UK in meeting its net zero 2050 goal.