Shell Triples Solar, Wind Assets by Acquiring India's Sprng Energy
Shell’s venture capital subsidiary has acquired Sprng Energy, one of India’s largest renewables platforms, thus tripling its operating wind and solar power assets.
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Shell’s venture capital subsidiary has acquired Sprng Energy, one of India’s largest renewables platforms, thus tripling its operating wind and solar power assets.
Shell has completed its 100 percent acquisition of Solenergi Power and with it the Sprng Energy group of companies from Actis Solenergi.
Shell has completed its 100 percent acquisition of Solenergi Power and with it the Sprng Energy group of companies from Actis Solenergi.
As renewable energy penetration increases, many grid operators and consequently developers are facing challenges due to reduced grid capacity.
Shell has signed an agreement with Actis Solenergi to acquire 100 pct of Solenergi Power for $1.55B and with it the Sprng Energy group of companies.