Shell is selling every solar farm it owns in the Netherlands. The five sites, plus a combined wind and solar park at Pottendijk near Emmen, are going to the French oil company TotalEnergies. The deal covers all of Shell’s wind and solar projects on land across Europe (its offshore windfarms are not included) and the company will not disclose what it is being paid. The Dutch sites can produce up to 254 megawatts between them, enough to power tens of...
Investing in the future costs money and lowers our quarterly profits, just sell it off so the investors get bigger numbers immediately.
And remember: markets are efficient 🤡