BRIEF-Shell Wind Energy & Savion Equity, LLC To Sell Partial Ownership Stake In 2 U.S.-Based Renewable Energy Projects To Infrared

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Dec 11 (Reuters) - Shell PLC SHEL.L:

  • SHELL AGREES TO SELL PARTIAL OWNERSHIP STAKE IN TWO U.S.-BASED RENEWABLE ENERGY PROJECTS TO INFRARED CAPITAL PARTNERS

  • SHELL PLC - SHELL WILL SELL 60% INTEREST IN BRAZOS WIND HOLDINGS, LLC (BRAZOS), A 182-MEGAWATT (MW) ONSHORE WIND FARM IN FLUVANNA, TEXAS

  • SHELL PLC- SALE OF BOTH ASSETS IS EXPECTED TO BE COMPLETED BY EARLY 2024, WITH A DECEMBER 2023 EFFECTIVE DATE

  • SHELL PLC - WILL SELL 50% INTEREST IN MADISON FIELDS CLASS B MEMBER, LLC (MADISON FIELDS), A 180-MW SOLAR DEVELOPMENT IN MADISON COUNTY, OHIO

  • SHELL PLC- SHELL WILL RETAIN 100% OF POWER OFFTAKE FROM BRAZOS PROJECT THROUGH SHELL ENERGY NORTH AMERICA (US) L.P.

  • SHELL PLC- SHELL WILL BE ASSET MANAGER OF BRAZOS AND MADISON FIELDS, AND BOTH PROJECTS WILL BENEFIT FROM INFLATION REDUCTION ACT (IRA) TAX CREDITS

  • SHELL PLC - MADISON FIELDS SOLAR PROJECT WILL RETAIN AN EXISTING CORPORATE POWER PURCHASE AGREEMENT IN PLACE WITH A THIRD PARTY

  • SHELL PLC - BRAZOS IS CURRENTLY UNDERGOING A REPOWER AND IS EXPECTED TO GENERATE 182 MW ONCE COMPLETED IN EARLY 2024

  • SHELL PLC- SHELL WIND ENERGY & SAVION EQUITY, LLC TO SELL PARTIAL OWNERSHIP STAKE IN 2 U.S.-BASED RENEWABLE ENERGY PROJECTS TO INFRARED

Further company coverage: SHEL.L


((Reuters.Briefs@thomsonreuters.com;))

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