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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell    RDSA   GB00B03MLX29

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Royal Dutch Shell : Shell Ends 12-Year Absence from Solar Power Investment

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01/17/2018 | 03:20pm CET

Royal Dutch Shell has agreed to recommence its investment in solar power generation, as it looks to continue diversifying from its core oil and gas business.

Om Monday the company acquired a stake in a US solar company, 12 years after exiting the sector.

Shell agreed to buy a 43.86 per cent stake in Silicon Ranch Corporation from funds linked to Partners Group for up to $217m.

It follows soon after a similar move by rival BP, which last month also re-entered the solar sector with the $200m investment in Lightsource.

Nashville, Tennessee-based Silicon Ranch develops, owns and operates solar plants across the United States with a capacity of 880 MW. Shell also has an option to increase its ownership after 2021.

With this entry into the fast-growing solar sector, Shell is able to leverage its expertise as one of the top three wholesale power sellers in the U.S., while expanding its global New Energies footprint, Marc van Gerven, Shell vice president of solar, said in a statement.

In November, Shell doubled its planned investment in its new energies division, which focuses on renewables and low carbon technologies, to $1bn-$2bn until 2020.

The investment in renewables far exceeds those of other major oil companies but still represents a fraction of Shells overall capital expenditure of around $25bn.

The deal follows a number of recent investments by Shell in the rapidly growing electric vehicle sector, including the acquisition in October of Dutch-based NewMotion. It also purchased British household energy and broadband provider First Utility, targeting a market for its gas supplies which it expects will play a growing role in the transition to low carbon energy sources.

Shell first entered the solar sector when it acquired Siemens Solar in 2002, only to sell the entire business six years later.

(c) 2018 Business and Financial Times - All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 293 B
EBIT 2017 22 918 M
Net income 2017 14 927 M
Debt 2017 60 408 M
Yield 2017 5,29%
P/E ratio 2017 17,59
P/E ratio 2018 15,70
EV / Sales 2017 1,21x
EV / Sales 2018 1,09x
Capitalization 294 B
Duration : Period :
Royal Dutch Shell Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Technical analysis trends ROYAL DUTCH SHELL
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 33,0 $
Spread / Average Target -5,2%
EPS Revisions
Ben van Beurden Chief Executive Officer & Executive Director
Charles O. Holliday Chairman
Jessica Uhl Chief Financial Officer & Director
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
TOTAL3.99%149 117
STATOIL4.99%77 577
ENI7.68%66 344