Shell Plc is preparing to sell a portfolio of its offshore wind energy projects in a move that signals a continued shift in focus toward its oil and gas business.

People familiar with the plan say the energy company has appointed financial advisers to manage the potential sale. The assets could be worth more than $1 billion, with the process expected to begin before the end of 2026 and possibly conclude in 2027.

The planned divestment reflects a broader strategy within Shell Plc to concentrate on investments that deliver higher financial returns, especially its core fossil fuel operations. In recent years, the company has reviewed several renewable energy positions as it balances energy transition goals with profitability targets.

Although Shell remains involved in some low-carbon and renewable projects, the offshore wind sale suggests a scaling back in that specific segment. Industry analysts say offshore wind developments often require heavy upfront spending and long payback periods, which can affect short-term earnings.

Details of the specific wind farms included in the sale have not been disclosed, and the company has not confirmed final valuation estimates. If completed, the deal would mark another major step in Shell’s restructuring of its global energy portfolio.