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Shell to continue search in renewables after losing Eneco tender

Reuters - UK Focus
Updated

LONDON, Nov 25 (Reuters) - Royal Dutch Shell 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 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.

($1 = 0.9073 euros) (Reporting by Ron Bousso; editing by Jason Neely)