Shell Wind Energy and Savion Equity, both subsidiaries of Shell plc, have agreed to sell partial ownership stake in two U.S.-based renewable projects to InfraRed Capital Partners.
Shell will sell 60% interest in Brazos Wind Holdings, a 182 MW onshore wind farm in Fluvanna, Texas, and 50% interest in Madison Fields, a 180 MW solar development in Madison County, Ohio.
“This agreement follows our guidance at Shell’s Capital Markets Day to pursue dilutions in ownership from power interests while maintaining access to renewable electrons via select offtake agreements,” says Glenn Wright, Shell Energy Americas’ senior vice president. “We continue to take a disciplined approach within our current renewables portfolio, aiming to work with partners and focus on opportunities where we can integrate across the value chain through trading and optimization.”
Through the current agreement, Shell will retain 100% of power offtake from the Brazos project through Shell Energy North America. The Madison Fields project will retain an existing corporate PPA in place with a third party. Shell will be the asset manager of Brazos and Madison Fields, with both projects benefiting from Inflation Reduction Act tax credits.
The sale of both assets is expected to be completed by early next year, with an effective date of this month.
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Shell Sells Partial Stakes in Brazos, Madison Fields to InfraRed Capital Partners
There really are threats to human civilization that seem to be mounting in intensity:
• World fascism. (If it can happen in the U.S., it could conceivably happen anywhere.)
• Environmental collapse.
• Malicious use of AI.
• Pandemics, as misinformation on vaccinations spread and the frozen tundra melts, releasing pathogens never seen by humans.
• Nuclear war.
Addressing the point made at left, is there any scenario in which world governments agree to cooperate so as to stave off the end of an organized society here on Earth? One supposes so, though it sounds far-fetched in today’s world in which the leaders of most of the 200+ sovereign nations are trying so desperately to cling to power.
Obviously, James Carville has been wrong before, but it appears that he’s onto something here.
An ever-increasing number of Americans are realizing that Trump is criminally insane, and is leading this nation to destruction.
It’s a pleasure to see that Dr. Brian Cox has people so popular, having joined the ranks for Neil DeGrasse Tyson, Bill Nye, and a few others. This phenomenon of celebrity physicists if one of very few bright spots in our modern world.
I would qualify what he says at left as follows: the only people who hate the economics here are those invested in fossil fuels. Clean energy and transportation are already huge industries, and they’re growing at an amazing pace–even in the face of heavy suppression by Big Oil and Donald Trump.
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