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    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL PLC

(RDSA)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 01/17 11:39:37 am
22.06 EUR   +1.36%
11:43aMexico says US energy secretary to visit, power market concerns eyed
RE
07:33aSHELL A : Buy rating from Deutsche Bank
MD
07:31aShell says electricity to meet 60% of China's energy use by 2060
RE
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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 -0.78% 74.1 Delayed Quote.4.45%
ENI S.P.A. 0.40% 13.212 Delayed Quote.7.69%
EQUINOR ASA -1.82% 251.15 Real-time Quote.8.44%
ROYAL DUTCH SHELL PLC 1.36% 22.06 Real-time Quote.12.71%
SSE PLC 0.79% 1589 Delayed Quote.-4.40%
WTI -0.21% 84.28 Delayed Quote.8.53%
All news about ROYAL DUTCH SHELL PLC
11:43aMexico says US energy secretary to visit, power market concerns eyed
RE
07:33aSHELL A : Buy rating from Deutsche Bank
MD
07:31aShell says electricity to meet 60% of China's energy use by 2060
RE
06:34aShell Secures Two Bids to Develop Offshore Wind Farms in Scotland
DJ
05:59aScottishPower Lands Rights for 2-GW Offshore Wind Farm in Scotland
MT
05:56aShell-ScottishPower JVs Secure Seabed Rights for 5-GW Offshore Wind Farms in Scotland
MT
05:56aIberdrola's ScottishPower Gets Seabed Rights for Wind Projects in Scotland
DJ
05:25aROYAL DUTCH SHELL : Shell and ScottishPower win bids to develop 5 GW of floating wind powe..
PU
04:56aThe latest from London: A bit of respite for markets
04:20aFTSE 100 hits two-year high as GSK boosts
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More news
Analyst Recommendations on ROYAL DUTCH SHELL PLC
More recommendations
Financials (USD)
Sales 2021 252 B - -
Net income 2021 15 444 M - -
Net Debt 2021 49 443 M - -
P/E ratio 2021 11,7x
Yield 2021 3,60%
Capitalization 192 B 192 B -
EV / Sales 2021 0,96x
EV / Sales 2022 0,82x
Nbr of Employees 87 000
Free-Float 98,7%
Chart ROYAL DUTCH SHELL PLC
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Royal Dutch Shell plc Technical Analysis Chart | RDSA | GB00B03MLX29 | MarketScreener
Technical analysis trends ROYAL DUTCH SHELL PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 24,84 $
Average target price 28,09 $
Spread / Average Target 13,1%
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 PLC12.71%189 994
SAUDI ARABIAN OIL COMPANY3.07%1 960 210
TOTALENERGIES SE10.99%147 492
PETROCHINA COMPANY LIMITED12.39%145 319
PUBLIC JOINT STOCK COMPANY GAZPROM-3.22%102 796
EQUINOR ASA8.44%94 348