The Anglo-Dutch oil major is to establish a new fifth core business, called Shell International Renewables, to sit alongside its traditional business sectors of exploration and production, oil products, chemicals, and gas and coal. By 2020, worldwide sales of renewable energy -- solar, biomass and wind power -- are expected to reach $248 billion from less than $10 billion today.
Shell's $500m leap into green energyNew offshoot will concentrate on renewable sources
ROYAL Dutch/Shell is to invest more than $500 million in renewable energy technology over the next five years to fuel an expected growth in demand for environmentally friendly power generation.
25 October 1997 0:00 GMT
Updated
25 October 1997 0:00 GMT