Shell buying 100 MW of UK solar projects from Anesco

Shell New Energies is in the process of buying a 100-MW solar project portfolio in Wales and England from local renewables developer Anesco Ltd, the unit of Shell Plc (LON:SHEL) said on Wednesday.

The target bundle consists of four solar photovoltaic (PV) projects that are under development at sites in North Wales, Chester, South Northamptonshire and North Lincolnshire. The schemes are currently in the final stages of planning.

Shell intends to supply the future output of the plants to its UK customers through power purchase agreements (PPA). The company did not provide details about the purchase price and expected timeline for completing the deal.

“Acquisition of these four solar energy projects from Anesco will mean we can help meet more of the growing demand for renewable power from our UK customers,” said Lukas Fleming, Head Onshore Power, Shell UK.

As part of its goal to be a net zero emissions energy business by 2050, Shell has committed to investing up to GBP 25 million in the UK energy system over the next decade. The company already has several partnerships with Anesco for solar and battery storage capacity in the UK and the Netherlands.

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