Shell to ignore wind and solar in push towards greener energy output

Shell will present strategy next week that, unlike Total and BP, focuses more on becoming an intermediary between clean power producers and customers

Shell aims to focus on power trading rather than buying up windfarms as it seeks to edge away from fossil fuels.

Shell is betting on its expertise in power trading and rapid growth in the hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets.

Shell and its European rivals are seeking new business models to reduce their dependency on fossil fuels and appeal to investors concerned about the long-term outlook for an industry under intense pressure to slash greenhouse gas emissions.