In focus Taxation of renewable power
Shell’s Renewables and Energy Solutions business develops and supplies energy from solar and wind to businesses and homes. We trade and market this energy directly to customers or use it ourselves, in line with Shell’s target to become a net-zero emissions energy business by 2050.
As the energy transition unfolds, we expect the increase in the generation, trading and supply of renewable energy to impact the amount and type of taxes we pay in some countries. The type of customer, type of usage and the country where the supply and consumption take place could all impact taxes.
In some tax jurisdictions there may be tax incentives, such as subsidies, credits, exemptions and reduced rates to stimulate the generation and consumption of renewable power.