Shell buys India’s Solenergi Power for $1.55 bn

Shell LNG

Shell has completed its acquisition of Solenergi Power and Sprng Energy group of companies from Actis Solenergi for $1.55 billion.

Sprng Energy, set up in 2017 by Actis, is a renewable energy platform based in Pune, India, and develops and manages renewable energy facilities such as solar and wind farms and infrastructure assets.

The solar and wind assets Shell acquires through the deal will triple Shell’s present renewable capacity in operation and help deliver its Powering Progress strategy.