SHELL BUYS HUDSON ENERGY

Oil major Shell acquired another customer-facing electricity and gas provider in the U.K., potentially bolstering its green credentials and renewables procurement expertise in the country.

The deal for Hudson Energy, which trades as Green Star Energy, will add 200,000 new customers for Shell Energy. Hudson’s supply is drawn entirely from renewable generation, while Shell Energy depends heavily on offsets for its renewable offerings.

In 2017 Shell acquired energy and broadband supplier First Utility and its 825,000 customers, amid an ongoing push into the clean power business. The following year it rebranded the service to Shell Energy and began sourcing 100 percent of its electricity from renewables via existing power-purchase agreements (PPAs) and offset certificates - Link