Climate Changed
Shell Believes It Has the Expertise to Be a Clean-Energy Leader
- As renewables move beyond subsidy, developers take price risks
- Big oil companies spent decades managing markets and politics
A jack-up rig stands near to Teesside Offshore Wind Farm, operated by EDF Energy Renewables Ltd., in Hartlepool, U.K., on Wednesday, May 3, 2017. The wind farm has a capacity of 62.1 megawatts.
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
Royal Dutch Shell Plc, Europe’s most valuable oil company, expects its expertise in managing risk will make it a market leader in developing the clean-energy industry.
Offshore wind projects are attracting billions of dollars of investment and will become “the energy backbone” for European countries from Germany to the U.K., said Mark Gainsborough, Royal Dutch Shell Plc’s head of new energies.