Shell Plc is preparing to launch a sale of its offshore wind farms, a move that could generate proceeds of more than $1 billion. The company has engaged Rothschild & Co and PJT Partners Inc. as advisers to run the process, which may begin as early as the end of 2026 with the transaction expected to close in 2027. Chief Executive Officer Wael Sawan, who took charge in early 2023, has been pursuing a cost‑cutting agenda that includes shedding low‑return assets and refocusing the group on its core fossil‑fuel business. The offshore wind divestiture follows earlier exits, notably the disposal of Shell’s European onshore renewables arm and the sale of Indian renewable power firm Sprng Energy, which Shell had acquired in 2022 for $1.55 billion. In addition, Shell abandoned a planned offshore wind development in Scotland last year. These actions underscore a broader strategic shift away from the renewable‑energy diversification that once aimed to make Shell the world’s largest electricity producer.