{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Shell Energy signs renewable power agreement with Ferrari","text":"\u003Cp\u003E\u003Cb\u003EMilan\u003C/b\u003E – Shell Energy Italia has signed a ten-year agreement with Ferrari to supply 650 Gigawatt hours of renewable energy, entirely produced by a solar power generation plant developed by Shell.\u003C/p\u003E\r\n","links":[{"name":"Shell Energy signs renewable power agreement with Ferrari","value":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari.html"}],"image":{"src":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/_jcr_content/root/metadata.shellimg.jpeg/1775592807906/sf-maranello-cllbn.jpeg","alt":"Ferrari","width":5934,"height":3347},"date":"2025-11-25T12:30:00.000Z","tags":[{"name":"news and media releases","value":"activities-and-operations:mass-media/news-and-media-releases"},{"name":"Energy explained","value":"shell:corporate/energy-explained"},{"name":"News and media","value":"shell:corporate/news-and-media"}]},"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://www.shell.com/_jcr_content/root/header/inherited.model.json","id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://www.shell.com/"},{"name":"Shell Energy","value":"https://www.shell.com/shellenergy.html"},{"name":"Shell Energy Europe","value":"https://www.shell.com/shellenergy/shell-energy-europe.html"},{"name":"News and insights","value":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights.html"},{"name":"Shell Energy signs renewable power agreement with Ferrari","value":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari.html"}]},"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader.Date","color":"inherited","model":{"title":"Shell Energy signs renewable power agreement with Ferrari","text":"\u003Cp\u003E\u003Cb\u003EMilan\u003C/b\u003E – Shell Energy Italia has signed a ten-year agreement with Ferrari to supply 650 Gigawatt hours of renewable energy, entirely produced by a solar power generation plant developed by Shell.\u003C/p\u003E\r\n","image":{"src":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/_jcr_content/root/main/section/page_header.shellimg.jpeg/1776443616193/sf-maranello-cllbn.jpeg","alt":"Ferrari","width":6000,"height":1500},"date":"2025-11-25T12:30:00.000Z"},"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/main/section/page_header"},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EThe corporate power purchase agreement further strengthens the long-standing and successful collaboration between the two companies and marks another step forward in Ferrari’s ambition to decarbonise its headquarters and manufacturing facility in Maranello, northern Italy.\u003C/p\u003E\r\n\u003Cp\u003EShell Energy Italia will also provide additional energy and renewable Guarantees of Origin to cover Ferrari’s entire energy demand across Italy.\u003C/p\u003E\r\n\u003Cp\u003E“We are proud to further strengthen our partnership with Ferrari through the signing of this important Corporate Power Purchase Agreement, a concrete example of collaboration between companies to develop innovative and sustainable business models,” said Gianluca Formenti, CEO of Shell Energy Italia. “In line with our strategy to produce more energy with less emissions, this agreement is a tangible example of our commitment to providing energy solutions that support our customers and partners in achieving their decarbonisation goals.”\u003C/p\u003E\r\n\u003Cp\u003E“This agreement represents another step forward in our journey to decarbonise the Maranello facility,” said Davide Abate, Chief Industrial Officer at Ferrari. “The collaboration with Shell Energy Italia for the supply of renewable energy provides a concrete contribution to our objective of reducing Scope 1 and Scope 2 emissions by at least 90% in absolute terms by 2030.”\u003C/p\u003E\r\n\u003Cp\u003EShell’s partnership with Ferrari started 75 years ago at the inaugural FIA Formula 1™ World Championship in 1950 and is one of the longest and most successful in motorsport.\u003C/p\u003E\r\n\u003Cp\u003EIt recently received a multi-year extension, with Shell continuing to contribute its expertise across Shell V-Power race fuels and Shell Helix performance lubricants, and extends to exploring new products and services that can help accelerate decarbonisation on and off the track.\u003C/p\u003E\r\n"}},{"organism":"Container.List","children":[{"organism":"AccordionItem","color":"inherited","id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/main/section/revealer_copy_copy_c/revealer_item","model":{"title":"Cautionary Note","text":"\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking statements\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F and amendment thereto for the year ended December 31, 2024 (available at \u003Ca href=\"https://www.shell.com/investors/news-and-filings/sec-filings.html\"\u003Ewww.shell.com/investors/news-and-filings/sec-filings.html\u003C/a\u003E and \u003Ca href=\"http://www.sec.gov/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003Ewww.sec.gov\u003C/a\u003E). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, November 18, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EShell’s net carbon intensity\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EAlso, in this announcement we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EShell’s net-zero emissions target\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EShell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking non-GAAP measures\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.\u003C/p\u003E\r\n\u003Cp\u003EThe contents of websites referred to in this announcement do not form part of this announcement.\u003C/p\u003E\r\n\u003Cp\u003EWe may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, and any amendment thereto, File No 1-32575, available on the SEC website \u003Ca href=\"http://www.sec.gov/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003Ewww.sec.gov\u003C/a\u003E\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/main/section/revealer_copy_copy_c","model":{}}],"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/main/section","model":{}}],"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://www.shell.com/"},{"name":"Shell Energy","value":"https://www.shell.com/shellenergy.html"},{"name":"Shell Energy Europe","value":"https://www.shell.com/shellenergy/shell-energy-europe.html"},{"name":"News and insights","value":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights.html"},{"name":"Shell Energy signs renewable power agreement with Ferrari","value":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari.html"}]},"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/footer/breadcrumb"},{"organism":"Container.Raw","ref":"https://www.shell.com/_jcr_content/root/footer/inherited.model.json","id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/footer/inherited","model":{}}],"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content/root/footer","model":{}}],"id":"/conf/shell/settings/wcm/templates/base/structure/jcr_content/root","model":{}}],"model":{"title":"Shell Energy signs renewable power agreement with Ferrari","text":"Shell Energy Italia has signed a ten-year agreement with Ferrari to supply 650 Gigawatt hours of renewable energy, entirely produced by a solar power generation plant developed by Shell. ","date":"2025-11-25T12:30:00.000Z","links":[{"name":"canonical","value":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari.html"},{"name":"errorUrl","value":"https://www.shell.com/error.html"},{"name":"hierarchy","value":"en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari"},{"name":"homeTitle","value":"Shell Global"},{"name":"homeUrl","value":"https://www.shell.com/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"Shell Energy signs renewable power agreement with Ferrari | Shell Global"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\n\r\nYou are now leaving the Shell global website.\r\n\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. This includes its sponsor and any policies, activities or services offered on the site, by any advertiser on the site or linked to the site.\r\n\r\nThank you for visiting the Shell global website."},{"name":"themeMode"},{"name":"lastModified","value":"2026-04-20T10:02:49.208Z"},{"name":"dateModified","value":"2026-04-08T13:17Z"},{"name":"adobeAnalyticsUrl","value":"https://scmetrics.shell.com/b/ss/shell.amidala.nativeimplementation.poc/0"},{"name":"themeName","value":"shell-energy"},{"name":"themePath","value":"/etc.clientlibs/amidala/clientlibs/theme-shell-energy"},{"name":"themeCss","value":"/etc.clientlibs/amidala/clientlibs/theme-shell-energy.ACSHASH7e079cd05af5e27a823c2bf69b9fabde.css"}],"tags":[{"name":"news and media releases","value":"activities-and-operations:mass-media/news-and-media-releases"},{"name":"Energy explained","value":"shell:corporate/energy-explained"},{"name":"News and media","value":"shell:corporate/news-and-media"}],"image":{"src":"https://www.shell.com/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/_jcr_content/root/metadata.shellimg.jpeg/1775592807906/sf-maranello-cllbn.jpeg","alt":"Ferrari","width":5934,"height":3347}},"id":"/content/shell/corporate/global/en_gb/shellenergy/shell-energy-europe/news-and-insights/shell-energy-signs-renewable-power-agreement-with-ferrari/jcr_content"}