Shell PLC (NYSE:SHEL) is reportedly initiating the sale of a significant portion of its U.S. solar business, Savion. The decision is in line with the company’s broader strategy under CEO Wael Sawan. What Happened: Shell’s U.S. solar business, Savion, is selling off approximately a quarter of its assets, Reuters reported on Thursday citing a marketing document and industry sources. The sale is being managed by investment bank Jefferies Financial Group and includes up to 10.6 gigawatts (GW) of solar generation and storage assets currently in development. The assets up for sale are located in var…
