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Shell New Energies boss calls time on role

The vice president of Shell New Energies has announced he will step down from his role to be replaced by the firm’s global vice president of strategy.

Mark Gainsborough, who has worked with Shell for 39 years, said today he would relinquish the reigns of the New Energy division.

He will be succeeded by Elisabeth Brinton, who has been with Shell since 2018 and previously worked for AGL Energy in Australia and Pacific Gas and Electric in San Francisco.

Ms Brinton takes over the role in April.

Mr Gainsborough, who led the New Energies team for over three years, spent more than 15 years with Shell as a vice president. read more

New clean energy chief takes helm at oil giant Shell

By Andrew Lee

Shell will have a new leader at its New Energies unit from April, as Elisabeth Brinton takes over from current chief Mark Gainsborough in a role pivotal to the oil giant’s growing renewables and clean energy ambitions.

Brinton will take over from Gainsborough at the top of a New Energies operation that has grown to be a significant force in offshore wind, storage, power trading and other key areas of the energy transition – and has stated ambitions to help Shell become the world’s largest power company. read more

Shell-owned floating wind firm to ‘review future’ of Scottish office with oil major

A floating wind firm purchased by Shell in November is to review the future of a Scottish office registered before the buyout, the company’s head of projects said last night.

Brittany-headquartered Eolfi, a French renewable energy developer specialising in floating wind projects, registered the Edinburgh office for Eolfi Scotland in late October 2019.

It was announced that Shell would buy up 100% stake in the company on November 5 – but the deal was not finalised until December 20. read more

SHELL DOUBTFUL OF ACHIEVING THE CLEAN ENERGY TARGETS

Published by Industry Global News24: 06 Jan 2020

The Anglo-Dutch company had promised its investors in 2017 that, it will spend $1 bn to $2 bn per year. The fund will be invested in developing a clean energy project till the end of 2020. The company is falling short of the planned $4 billion-$6 billion to be invested between 2016 to end of 2020. This slow progress is likely to raise concerns from environmental groups that oil companies are not contributing to environmental conservation.

Since setting up the “new energies” division, the country has spent approximately $2 billion in setting up a low-carbon energy and electricity production facility. With only a year left to go, the company is far behind the set investment target of $4 bn-$6 bn. read more

Floating Wind Farm Starts Generating Power Off Portugal’s Coast

A number of companies including Norway’s Equinor ASA and Royal Dutch Shell Plc have invested in floating wind.

Bloomberg News: William Mathis: January 3, 2020: 7:54 AM EST

(Bloomberg) — A wind turbine floating off the coast in northern Portugal began transmitting electricity to the grid, a crucial step for a technology that could vastly increase the potential for offshore wind power.

The WindFloat Atlantic project is backed by European energy companies EDP Renovaveis SA, Engie SA and Repsol SA and uses the floating platform developed by Principle Power Inc. Three turbines with a combined 25 megawatt capacity will eventually be connected, helping to advance the economic viability of floating wind farms in the increasingly competitive market for renewable energy. read more

Powerful new players enter the utilities sector

Jeroen van Hoof: 2 January 2020

Oil and gas companies are entering the utilities market—aiming to take advantage of rapid market transformation

In the last few years, an increasing number of International Oil Companies (IOCs) have entered the utilities sector—especially those with headquarters in Europe.

Shell, for example, has taken a series of strategic decisions to grab a share of this market. The company has now installed more than 10GW of generating capacity in North America, of which one-third is from renewable resources.  It has also invested in offshore wind near the Netherlands, acquired First Utility in the UK to supply gas and energy services to domestic consumers, and entered the US supply market through MP2 Energy, while also buying into US and Asian solar power generation through EV vehicle charging and battery technology… read more

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