Shell has invested in renewables for many years. With new energies, Shell is moving beyond traditional renewables into three areas of opportunities: new fuels for mobility, such as biofuels and hydrogen; integrated energy solutions, where wind and solar energy can partner with gas to manage intermittency; and connecting customers with new business models for energy, enabled by digitalisation and decentralisation of energy systems.
Our focus remains in areas that share aspects with our core businesses, such as our biofuels investments like Raízen, a joint venture in Brazil that produces ethanol from sugar cane, as well as hydrogen as a transport fuel. Working with the H2 Mobility joint venture in Germany we aim to grow the hydrogen network and are exploring other opportunities in the UK and USA. We are looking at how best to combine wind and solar power with our existing business and capabilities. Our share of capacity from wind projects is about 500 megawatts (MW) in the USA and the Netherlands. Shell is exploring ways to deploy solar technologies to lower the carbon intensity of our operations.
As we transition to a lower carbon world, new energies will give our customers more choices in their energy mix.