Shell has suggested it will become the next major oil firm to enter the new build solar market after it was reported over the weekend that the Dutch giant plans to build solar farms in Britain.
Shell Energy Europe has signed an initial five year power purchase agreement (PPA) with British Solar Renewables (BSR) to take power generated at England’s largest solar farm at RAF Lyneham.
Major oil company Shell and European utility ENGIE are among investors to have pumped US$20 million into Husk Power Systems, a developer of microgrids which is expanding its efforts in Asia and Africa.
Shell has signed an agreement to acquire a 43.83% interest stake in US solar developer Silicon Ranch Corporation from investment manager Partners Group for US$193-217 million.
