Shell is discussing the sale of its three European refineries to Essar, as discussed in a previous post, at $4,000 to $5,000 per barrel of capacity. While valuation will depend on the three refineries’ individual configurations and complexity, the transaction is at a significant discount from the industry’s Golden Age. The three refineries with more […]
Continued growth for U.S. onshore wind energy projects
Executing on a strategic decision to focus on the U.S. onshore wind energy market, BP has exiting from other countries. It has just sold 100 MW of wind energy capacity in India to Green Infra Limited, an independent power producer backed by India’s infrastructure-focused private equity group, IDFC. BP’s decision mirrors those of Shell and […]
