Shell Pushes Further Into Power, Renewables With Bid to Acquire MP2 Energy

By [email protected] Shell Energy North America, a division of the oil and gas giant Royal Dutch Shell, announced last week it has signed a purchase agreement for the acquisition of Texas-based MP2 Energy. The bid signals Shell’s growing interest in the power sector, including renewable energy and energy management services.

MP2 is a unique player in the electricity space with a diverse portfolio of assets and services. The company currently manages 1.7 gigawatts of power, including 30 megawatts of landfill gas, 30 megawatts of large-scale solar and 550 megawatts of wind, as well as 70 megawatts of natural-gas-fired peaker plants. MP2 also has

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