Reported 2 days ago
Shell Energy North America (SENA), a subsidiary of Shell, has finalized its acquisition of RISEC Holdings, which owns a 609-MW gas-fired power plant in Rhode Island. The deal, completed on January 24, enables SENA to strengthen its position in the ISO New England power market and ensures a stable long-term energy supply amidst increasing power demand driven by decarbonization efforts. The plant has been operational since 2002 and is expected to provide significant returns for Shell's Power business.
Source: YAHOO