November 25, 2019 / 10:27 AM / 19 days ago

Shell to continue search in renewables after losing Eneco tender

FILE PHOTO: A Shell logo is seen reflected in a car side mirror at a petrol station in west London, January 29, 2015. REUTERS/Toby Melville

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it was disappointed to lose a tender for Dutch renewable energy business Eneco which went to a group led by Japan’s Mitsubishi Corp (8058.T) for 4.1 billion euros ($4.52 billion).

The Anglo-Dutch oil and gas company said in a statement it “will continue to look for opportunities in the energy transition” and aims to invest $2 to $3 billion per year from 2021 onwards.

Reporting by Ron Bousso; editing by Jason Neely

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