Shell acquires a solar power company in the United States

Shell acquires a solar power company in the United States

Shell announced the acquisition by a Press release. It is unknown at this time what he will do after leaving the post. Shell takes over the company from Macquarie, an Australian investment firm.

Founded two years ago, Savion has already built 87 solar parks in 27 US states. In total, those parks have a capacity of 12.5 gigawatts, according to the Xavier website. Xavier is also active in the field of energy storage. To date, 44 projects have been launched in 15 states, with a total capacity of 3.3 GW.

Need to speed up shell change

Shell invests billions in sustainable energy production, but is often on fire. Investment plans still do not lead to a drastic reduction in CO2 emissions until 2030. Partnership partnership
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Attempts to enhance Shell’s ambitions with climate resolutions during the annual stakeholder meeting. Follow It successfully targets other oil companies as well.

In May, Shell was instructed by a judge to expedite Paris climate targets. It is unknown at this time what he will do after leaving the post. But with the shell producing more than 2 million barrels of oil and gas per day, the multinational company will have to invest heavily to make fossil energy sources more sustainable.

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