It might depend on the context (some native speakers mix up idioms, so you might run into examples where someone has used "shine" in place of "shed"), but in general, to "shine a light on something" is more like to call attention to it or emphasize it. You could also say "to highlight" something.
To "shed a light on something" suggests that something was previously obscure, but it is now clear (as though it was in the dark, but you have turned on a light). To "shine a light on something" suggests that something was not very noticeable, but you have brought attention to it, as if by shining a light specifically on it. It was not necessarily /dark/ before, but you have made it brighter so that it will be noticed.