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    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL PLC

(RDSA)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 01/19 11:39:21 am
22.445 EUR   +0.02%
04:42pShell to carry out Pernis, Netherlands oil refinery maintenance until end of June
RE
12:30pTransaction in Own Shares
GL
12:30pTransaction in Own Shares
GL
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Shell Signs Power Purchase Deal With World's Largest Offshore Wind Farm

11/24/2021 | 03:06am EST

By Jaime Llinares Taboada

Royal Dutch Shell PLC said Wednesday that it has signed a 15-year power purchase agreement for electricity from Dogger Bank, the world's largest offshore wind farm.

The oil-and-gas major has secured a 20% power share from the third phase of Dogger Bank, or Dogger Bank C. Each phase has a capacity of 1.2 gigawatts, and is expected to generate around 6 terawatt-hours of electricity a year. The wind farm is located off the northeast coast of England.

Including existing agreements for Dogger Bank A and B, Shell has now secured 720 megawatts of the farm's anticipated capacity of 3.6 gigawatts. Construction is expected to complete in 2026.

Dogger Bank is owned by SSE PLC, Equinor ASA and ENI SpA.

SSE said Wednesday that it has signed separate power purchase agreements for Dogger Bank C. In addition to Shell's 20% share, Danske Commodities has agreed to buy 40% of the electricity generated on behalf of Equinor, SSE Energy Supply Ltd. will acquire 20% on behalf of SSE, and Centrica PLC will take the remaining 20%.

These deals are subject to the developers reaching a financial close for the third phase of Dogger Bank, which is expected by the end of the year.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

11-24-21 0306ET

Stocks mentioned in the article
ChangeLast1st jan.
CENTRICA PLC -2.19% 72.36 Delayed Quote.1.48%
ENI S.P.A. 1.13% 13.42 Delayed Quote.8.59%
EQUINOR ASA -2.75% 249.7 Real-time Quote.8.84%
ROYAL DUTCH SHELL PLC 0.02% 22.445 Real-time Quote.16.24%
SSE PLC -0.70% 1567.5 Delayed Quote.-4.94%
WTI 0.84% 85.688 Delayed Quote.15.15%
All news about ROYAL DUTCH SHELL PLC
04:42pShell to carry out Pernis, Netherlands oil refinery maintenance until end of June
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12:30pTransaction in Own Shares
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Analyst Recommendations on ROYAL DUTCH SHELL PLC
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Financials (USD)
Sales 2021 250 B - -
Net income 2021 15 402 M - -
Net Debt 2021 49 874 M - -
P/E ratio 2021 12,0x
Yield 2021 3,51%
Capitalization 194 B 194 B -
EV / Sales 2021 0,98x
EV / Sales 2022 0,83x
Nbr of Employees 87 000
Free-Float 98,7%
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Mean consensus BUY
Number of Analysts 13
Last Close Price 25,46 $
Average target price 28,09 $
Spread / Average Target 10,3%
EPS Revisions
Managers and Directors
Bernardus Cornelis Adriana Margriet van Beurden Chief Executive Officer & Executive Director
Jessica Rodgers Uhl Chief Financial Officer & Director
Andrew Stewart Mackenzie Chairman
Harry Brekelmans Director-Technology & Projects
Gerrit Zalm Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ROYAL DUTCH SHELL PLC16.24%194 078
SAUDI ARABIAN OIL COMPANY2.51%1 960 576
PETROCHINA COMPANY LIMITED15.85%150 676
TOTALENERGIES SE12.97%148 936
EQUINOR ASA8.84%94 062
PUBLIC JOINT STOCK COMPANY GAZPROM-7.71%92 290