Shell, Eni and Enbridge Accelerate Toward Renewables with 50 GW in Portfolio

Shell, Eni and Enbridge are among oil and gas companies accelerating their diversification into renewable energy. According to the U.S. Energy Information Administration (EIA), its Annual Energy Outlook 2023 indicates that renewables will increasingly meet global electricity demand by 2050. Most analysts estimate that petroleum and natural gas demand will not be entirely eliminated, offering these groups a hybrid position in the energy transition.

Shell claims approximately 50 GW of renewable energy capacity in portfolio

Shell displays approximately 50 gigawatts (GW) of renewable energy production capacity, including projects in operation, under construction or in development, according to available information. The group actively invests in solar, wind and electric vehicle charging infrastructure. These segments constitute the pillars of its renewable energy division and energy solutions. To operationalize its decarbonization strategy, Eni established Plenitude, a mission-driven company dedicated to clean energy production. This subsidiary concentrates the group's renewable energy activities, which targets more than 15 GW of installed capacity by 2030, according to its stated objectives. The creation of a structured entity enables Eni to accelerate its development in this sector.

Enbridge displays 2,173 MW of zero-emission capacity

Enbridge claims 2,173 megawatts (MW) net of zero-emission production capacity, grouping projects in operation and under construction. The group has invested in wind farms, solar installations, geothermal projects and electricity transmission developments. This orientation illustrates the diversification of a group historically centered on the transport of energy commodities. These three players share a hybrid positioning: maintained presence in hydrocarbons, combined with an expanding renewable energy portfolio. The EIA anticipates in its 2050 scenario continuous growth in clean energy sources to meet global electricity demand. This trajectory opens significant opportunities for groups combining expertise in fossil fuels and growing renewable energy capacity.