Shell is preparing to launch a sale of its offshore wind farm portfolio, according to reporting by Bloomberg, as the company continues to scale back its renewable energy investments in favour of its core fossil fuel business.
The potential sale could generate more than $1 billion, with the process expected to begin as early as the end of this year. A transaction is likely to be completed in 2027. The move follows a series of divestments from Shell’s renewable energy portfolio, including the ongoing sale of its European onshore renewables business and its exit from Indian renewable energy company Sprng Energy. The company also withdrew from plans to develop offshore wind projects in Scotland last year.
