MARKETS

Shell picks up 49% of Oz WestWind

SHELL Australia is to acquire a 49% stake of Australian wind energy producer WestWind Energy Development; the company boasts a 3GW energy pipeline across Australia’s east coast.

Jonathon Davidson

File photo: Shell's Perth HQ

The move comes as Shell continues to expand its hand in power generation across the world and in Australia; the supermajor is targeting 560TWh per year of power generation by 2030 globally. Last year,...

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