Shell will sell large stakes in two of its US renewable energy projects as part of its strategy to dilute its ownership of power assets.
The oil & gas supermajor agreed to sell a 60% interest in Brazos Wind, a 182MW wind farm in Texas, and 50% of its 180MW Madison Fields solar development project in Ohio.
The deal with investment group InfraRed Capital Partners is due to complete in early 2024, with financial terms not disclosed.
