Shell completes acquisition of solar and energy storage developer Savion Dec 17, 2021 Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has completed the acquisition of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States. The Future. Shell Fleet Solutions, Health, Security, Safety and the Environment, Accelerate to Zero | Shell Fleet Solutions & Consultancy, View Shell Pipeline, View Why Choose Shell. Engine oil and lubricants, Shell Coolants Limited Liability Warranty, View Daystar operates in Nigeria, Ghana, and three other countries . Shell New Energies, a subsidiary of Royal Dutch Shell, has purchased Savion, a utility-scale solar and energy storage developer in the United States, from Macquarie's Green Investment Group for a 100 per cent interest. Shell in the Community, View The use of the term ShellsNetCarbonFootprint is for convenience only and not intended to suggest these emissions are those of Shell or its subsidiaries. Shell completes acquisition of solar and energy storage developer Savion Shell launches 25-megawatt solar plant in Oman Silicon Ranch closes $225 million equity raise with existing shareholders Shell Australia to build its first large-scale solar farm in Queensland sonnen turns 10: helping homes share solar power Yours to Make. Debt information. Photo courtesy of Shell. Houston, TX -Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has completed the acquisition of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States. Powering Progress sets out our strategy to accelerate the transition of our business to net-zero emissions. Marco Marsili, Shells VP Italy and Country Chair said Italy is a priority market for Shells Renewables & Energy Solutions business. Sectoral decarbonisation: transportation and industrial customers, View Each forward-looking statement speaks only as of the date of thisannouncement, 14 December 2021. Sonnen is to sit as a wholly-owned subsidiary of Shell should the acquisition clear regulatory approvals, and the deal comes less than a year after Shell made an investment in the battery firm.. Careers FAQs, View Sustainability our approach, View In thisannouncementShell, ShellGroup and Group are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. This acquisition falls within the 2021 Renewables & Energy Solutions cash capital expenditure budget of $2-3 billionas disclosed at. In October 2021, Shell set a target to reduce absolute emissions by 50% by 2030, compared to 2016 levels, which includes all Scope 1 and 2 emissions. Wemay haveusedcertain terms, such as resources,in thisannouncementthattheUnited States Securities and Exchange Commission (SEC)strictly prohibitsus from including inourfilings with the SEC. Marine, View Houston, TX Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie's Green Investment Group. Daystar Power CEO Jasper Graf von Hardenberg and the management team will continue to run the company Pending regulatory approvals. Shell Liquefied Petroleum Gas (LPG), View The energy future, Transforming low-carbon energy supply and demand across sectors, View Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. Media International: +44 207 934 5550 Media Americas: +1 832 337 4355. Shell for suppliers, View About Us, View The Shell App, View In October 2021, Shell set a target to reduce absolute emissions by 50% by 2030, compared to 2016 levels, which includes all Scope 1 and 2 emissions. Carbon Capture and Storage, View Private Securities Litigation Reform Act of 1995)concerning the financial condition, results of operations and businesses of Royal Dutch Shell. View Integrating sustainability into our activities, Producing oil and gas responsibly and efficiently, Embedding sustainability into our major projects, Investing in access to energy for communities, View Sustainability, View Digitalisation in Energy, Digital Transformation in Energy Industry, Digitalisation accelerating the energy transition, View In February 2021, Shell set forth its Powering Progress strategy, including details of how it will achieve its target to be a net-zero emissions energy business by 2050, in step with societys progress as it works towards the Paris Agreement goal of limiting the increase in the average global temperature to 1.5C. Conservation, View This acquisition falls within the 2021 Renewables & Energy Solutions cash capital expenditure budget of $2-3 billion as disclosed at Shell Strategy Day on February 11, 2021. The corporate headquarters are in Germany. Shell Brand Licensing, View ESG information hub, View The energy future, Transforming low-carbon energy supply and demand across sectors, View Mobility, View Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie's Green Investment Group. Digitalisation is transforming the energy industry, by improving efficiency and safety, as well as facilitating the use of renewable energy. With this acquisition, Shell expects to significantly expand its global solar portfolio. Accordingly, Shells operating plans, outlooks, budgets and pricing assumptions do not reflect our net-zero emissions target. As part of this strategy, Shell aims to sell more than 560 terawatt hours of power globally per year by 2030: twice as much electricity as the company sells today. The role technology plays, View Likewise, the words we, us andourare also used to refer toRoyal Dutch Shell plc anditssubsidiaries in general or to those who work for them. Candidate Resource Centre, View Shells operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. Electricity, View View Investors, View Savion specialises in developing solar power and energy storage projects and currently has more than 18 gigawatts of solar power and battery storage under development for a variety of customers, including utilities and major commercial and industrial organisations. No assurance is provided that future dividend payments will match or exceed previous dividend payments. Shell Construction and Road, View Shell Catalysts & Technologies, View Entrepreneurs and Start-ups, View Ways to Pay, Shell | Fuel Rewards Credit Card Navigation, View Shell Sulphur Solutions, View Careers at Shell, View Sectoral decarbonisation: transportation and industrial customers, Shell builds a winning consortium to accelerate the electrification of off-road mining vehicles, View Information for shareholders, View Energize Your Future with Shell, Preparing Todays Students For Tomorrows Workforce, Shell LiveWIRE Entrepreneurship and Small Business Training Program, View People and communities, View ESG information hub, View The companyis headquartered in Kansas City, with projects in various phases across 27 states. Transparency and sustainability reporting, View News and filings, View Transparency and sustainability reporting, View Industrial Lubricants and Oils for Business, View The deal is in line with Shell's 2021 Renewables & Energy Solutions' $2bn to $3bn cash capital expenditure budget, which was announced on 11 February this year. Savions acquisition expands Shells existing solar and energy storage portfolio, where Shell holds interest in developers such as Silicon Ranch Corporation in the U.S., Cleantech Solar in Singapore, ESCO Pacific in Australia, owns sonnen, a smart energy storage company in Germany, and EOLFI, a wind and solar developer in France. Shell plans to help Esco Pacific expand its pipeline "both organically and by acquisition." Shell has been planning its own 120-megawatt project in Queensland to reduce the emissions from one . Shell Fleet Solutions, View Shell aims to sell more than 560 terawatt-hours globally per year by 2030 as part of its Integrated Power business, twice as much electricity as the company sells today, and expects to serve more than 15 million retail and business customers worldwide as a leading provider of clean Power-as-a-Service. AMSTERDAM, Sweden - April 29, 2002 . Industrial Lubricants and Oils for Business, Sectoral decarbonisation: transportation and industrial customers, Transparency and sustainability reporting, Integrating sustainability into our activities, View Sustainability our approach, View Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc, has completed the acquisition of Inspire Energy Capital, LLC (Inspire), a renewable energy residential retailer following receipt of regulatory clearance and satisfaction of closing conditions. "Companies need their own power solutions to drive down costs, compared to expensive grids or diesel generators." There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in thisannouncement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes indemand for Shells products; (c) currency fluctuations; (d) drilling and production results; (e) reservesestimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs;(m) risks associated withthe impactofpandemics, such as the COVID-19 (coronavirus) outbreak;and (n) changes in trading conditions. Industrial Lubricants and Oils for Business, Sectoral decarbonisation: transportation and industrial customers, Transparency and sustainability reporting, Integrating sustainability into our activities, View The acquisition of SKI aligns with Shells strategy for integrated power delivery in Italy. Entitiesoverwhich Shell has significant influence butneithercontrolnor joint controlare referred to as associates. Each forward-looking statement speaks only as of the date of thisannouncement, 17 December 2021. As part of this strategy, Shell aims to sell more than 560 terawatt hours of power globally per . Shells operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. Lubricants for Transport and Industrial Businesses, Shell Polymers: A Different Kind of Polymer Supplier, View Why Choose Shell, View HOUSTON, Dec. 17, 2021 /PRNewswire/ -- Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has completed the acquisition of Savion LLC (Savion), a large utility-scale solar . The team will develop the combined portfolio, continue to pursue new projects, and support our corporate power purchase agreement (PPA) offerings to customers commented Ivan Niosi, Head of Renewables Power Development Shell Italy and newly appointed CEO of solar-konzept Italia. As one of the fastest-growing, lowest-cost renewable energy sources, solar power is a critical element of our renewables portfolio as we accelerate our drive to net zero.. Shale Oil and Gas, View The Future. The term Shell interest is used for convenience to indicate the direct and/or indirectownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Shell Renewables announced earlier this week, that they have completed the acquisition of all the shares held by Siemens AG and E.ON Energie AG in the former solar photovoltaic (PV) joint venture Siemens and Shell Solar GmBH. Shell Acquires Solar And Energy Storage Developer Savion Updated On Thu, Dec 16th, 2021. by . Theseriskfactors alsoexpressly qualify all forward-looking statements contained in thisannouncementand should be considered by the reader. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in thisannouncement. Yours to Make. Private Securities Litigation Reform Act of 1995)concerning the financial condition, results of operations and businesses of Royal Dutch Shell. Shell Liquefied Petroleum Gas (LPG), View Annual General Meeting, Shell plc 2022 Annual General Meeting webcast, View The acquisition is expected to close by year end. People and communities, View Shell Sulphur Solutions, View Sustainability, View Discover how corporate PPAs enable you to contribute to development of new renewable assets. Integrating sustainability into our activities, Producing oil and gas responsibly and efficiently, Embedding sustainability into our major projects, Investing in access to energy for communities, View Shells operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. Shale Oil and Gas, View The Future. Reflect our net-zero emissions On Thu, Dec 16th, 2021. by media Americas: +1 832 337.! 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