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Home » Finance » Shell’s Renewables Business Faces $1.2 Billion Loss in Q4 2024, Driven by Impairment Charges
Finance

Shell’s Renewables Business Faces $1.2 Billion Loss in Q4 2024, Driven by Impairment Charges

By Alexander FosterJanuary 30, 20252 Mins Read
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Shell’s renewables and energy solutions unit reported a significant loss of $1.2 billion in the fourth quarter of 2024, deepening from a loss of $272 million in the same period last year. The downturn was largely attributed to impairment charges totaling $996 million, primarily related to renewable generation assets in North America. These losses were

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