We are building an integrated power business spanning generation, trading, storage and supply to power homes, businesses and vehicles.
We serve more than 2 million customers with renewable electricity, gas and smart home technology in Australia, Germany, the Netherlands, the UK and the USA. In 2022, we sold 243 terawatt-hours of electricity, which is enough to meet the annual needs of Australia or Spain. In 2022, we invested $3.5 billion cash capital expenditure in our Renewables and Energy Solutions business, which exceeded our aim of $3 billion.
Lower-carbon electricity has a big role to play in reducing greenhouse gas emissions. We won bids with our partners to build four offshore wind farms in the Netherlands, the UK and the USA, and we extended our onshore wind activities into Australia and the Philippines. We also acquired solar power businesses in India, Italy and Spain, energy retail interests in Australia, and expanded our electric vehicle operations globally.
Read more about lower-carbon and renewable power at www.shell.com/res.