Posted on June 15, 2026
Major divestment: Shell intends to sell offshore wind farms valued at over $1 billion, aiming for completion in 2027.
Strategic focus: The company is prioritizing oil, gas, and LNG over large-scale renewable investments.
Portfolio changes: This follows multiple wind project exits and a review of India’s Sprng Energy unit.
Shell sets plan for offshore wind sale
Shell has engaged Rothschild & Co. and PJT Partners to advise on the planned divestment of its offshore wind farms, with Bloomberg estimating the assets could fetch more than $1 billion. The process is anticipated to begin toward the end of 2026 and conclude in 2027. Reports have not specified which projects are involved, and Shell has not provided public details on the matter.
Since Wael Sawan took the helm in 2023, Shell has been winding down its renewable energy presence, selling stakes in U.S. and Asian offshore wind ventures, leaving European onshore renewables, and reviewing its $1.55 billion Sprng Energy acquisition in India. The company also pulled out of Scottish offshore wind projects in 2025. These actions mark a significant reversal from earlier ambitions to be a major renewable electricity producer.
