Shell launches Energy brand in Brazil, commits to US$570m in spending over next four years

Facebook
Twitter
LinkedIn
Reddit
Email
Shell already has 2GW of solar projects in Brazil and intends to grow this to 5GW by the end of 2021. Image: Shell

Oil and gas major Shell has launched the Shell Energy brand in Brazil and has committed to investing R$3 billion (US$570 million) in renewables in the country by the end of 2025.  

With Shell’s division focused on decarbonisation and renewables, Shell Energy will provide clean electricity from solar and wind power plants as well as low-carbon energy from thermal-based gas. It will also offer environmental products such as Renewable Energy Certificates and carbon offsets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Shell Energy Brazil currently has six solar projects totalling 2GW and its head of renewable development for Latin America, Gabriela Oliveira, was cited by Reuters as saying it anticipates 5GW of solar within its Brazilian portfolio by the end of this year.

“The launch of the brand in Brazil reflects the effort towards decarbonization and also the opportunities opened up by the New Gas Law and by the entry of consumers into the free electricity market” said Guilherme Perdigão, director of renewables and energy solutions at Shell Brazil and Shell Energy.

Brazil is increasingly seen as an attractive market for solar by analysts and investors given the country’s energy needs, a lack of supply, favourable legislation and climate.

In February, Shell committed to spending between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050, although it remains heavily reliant on fossil fuels. Its stated investments in oil exploration would remain effectively three-times that earmarked for renewables, in a move called “delusional” by environmental groups.

Read Next

July 29, 2025
US renewables developer Savion, a subsidiary of global oil giant Shell, has formed a new company to take ownership of its solar projects after development.
January 15, 2025
Savion has commissioned its Martin County Solar Project (MCSP) in the US state of Kentucky, its first to be built on a reclaimed coal mine.
October 18, 2024
Trina Solar has signed a 15-year power purchase agreement (PPA) to sell electricity generated at a 69MW Italian portfolio to EGO.
September 6, 2024
Vena Energy and Shell Eastern Trading have secured conditional approval from the Energy Market Authority of Singapore (EMA) to export 400MW of solar PV from the Riau Islands in Indonesia to Singapore.
August 19, 2024
The 58MW Scotford solar project near Edmonton, Alberta, will provide power to Shell’s nearby Scotford oil refinery, chemicals plant and carbon capture complex.
January 18, 2024
The power will come from Atlas Renewable Energy's 787MWp Luiz Carlos solar project located in the municipality of Paracatu, Minas Gerais.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA