Shell signs partnerships for 800 MW of solar developments in UK
Royal Dutch Shell Plc (AMS:RDSA) will partner with two UK solar developers on the development of more than 800 MW of solar farms in the UK.
The oil and gas major on Monday said it signed a framework agreement with Island Green Power to develop photovoltaic (PV) projects with co-located battery storage potential. Initially, the parties will collaborate on more than 700 MW of total generating capacity.
Shell has also signed a deal with Clearstone Energy to develop several utility-scale PV projects with a combined export capacity of 100 MW. The projects have co-located storage potential and are located in the South-East of England.
The two deals will be contingent on a future final investment decision.
Shell is building an integrated power business covering the renewable generation, trading and supply of clean energy to businesses and consumers, explained Shell UK chairman David Bunch. “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,” added Bunch.
It was recently unveiled that Island Green Power plans to install more than 1 GW of PV capacity at the site of a coal-fired power complex.