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December 13th, 2019:

Shell replaces its $8.84 billion revolving credit facility

Shell replaces its $8.84 billion revolving credit facility

BAKU, Azerbaijan, Dec.13

By Leman Zeynalova – Trend:

Royal Dutch Shell plc has signed a $10 billion revolving credit facility, replacing its $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks, Trendreports citing the company.

A revolving credit facility is a committed bank loan facility which allows a company to borrow funds at short notice if required.

In anticipation of the cessation of the London Interbank Offered Rate (LIBOR), this is one of the world’s first credit facilities linked to the new Secured Overnight Financing Rate (SOFR). Also, in a first for Shell, the interest and fees paid on the facility will be linked to Shell’s progress towards reaching its short-term Net Carbon Footprint intensity target, as published in its Sustainability Report. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Once Hailed As A Renewable Mecca, Georgetown Hires Shell To Manage Its Energy Portfolio

The City of Georgetown earned international attention a few years ago by becoming the largest city in the U.S. to run completely on renewable power. Now, the city has chosen a subsidiary of Shell Oil to take over management of its energy holdings.

In 2015, when Georgetown went 100% renewable, it signed contracts for more electricity than it needed, hoping to sell the extra power back to the Texas grid for profit. Then energy prices fell; Georgetown lost money and needed to raise rates for its utility customers to cover the cost. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Renewables Now: Solar park of 102.5-MW goes live to supply Facebook data centre in Georgia

Solar park of 102.5-MW goes live to supply Facebook data centre in Georgia

The Bancroft Station Solar Farm. Image by: PRNewsfoto/Walton EMC.

The power plant itself was installed by Silicon Ranch, whose largest shareholder is oil and gas giant Royal Dutch Shell Plc

December 13 (Renewables Now) – A 102.5-MW solar park in Georgia that will be powering a Facebook data centre in the state’s Newton County has been put on stream.

The Bancroft Station Solar Farm, named to the original name of the local area in Early County, will be supplying electricity to social media giant Facebook (NASDAQ:FB) through a contract with utility Walton Electric Membership Corp (EMC), the latter said on Thursday. The power plant itself was installed by Silicon Ranch, whose largest shareholder is oil and gas giant Royal Dutch Shell Plc (AMS:RDSA). read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

EnergyVoice.com: Shell’s difficult relationship with UK wind energy

Shell’s difficult relationship with UK wind energy

When Shell pulled out of London Array offshore wind project in 2008, it probably didn’t realise it would mean more than 10 years in the UK offshore wind wilderness.

But according to accounts at the time, many in the sector felt scorned – some were downright angry.

Shell was eventually bought out of the £2 billion project by Masdar, but a message had filtered through that the company was perhaps no longer looking at offshore wind as viable option.

Danish firm Dong Energy, one of the major partners in the 341-turbine project, is now Orsted – arguably the biggest offshore wind firm in the world. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Energy Beware

The above extracts are from Trustpilot, Facebook Group: Shell Energy (formerly First Utility) – the worst customer service ever?? and First Utility Reviews

The Shell Energy gripe website is being launched in response to consumer horror stories involving debt collectors and bailiffs, with complaints posted online by outraged Shell Energy customers like the damning examples quoted in the above header.

By John Donovan

Shell and its shareholders will not welcome the news that I am launching another website later this month focussed on Shell. This time the target is Shell Energy, a global brand of rapidly growing importance and value to the parent company – Royal Dutch Shell Plc – in its quest to move away from an increasingly toxic fossil fuel-based business. Part of the gathering flight of ethical investors deserting Big Oil, in Shell’s case a transition into becoming a global energy and broadband company, instead of a dying oil giant. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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