This news is classified in: Sustainable Energy Solar Wind
Aug 9, 2022
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited and with it, the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
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. An important part of Powering Progress is to develop an integrated power business, which will help Shell reach its target of becoming a profitable net-zero emissions energy business by 2050.
Forecasts by Application (Onshore, Offshore), by Power Generation Capacity (Small-scale Systems (Below 100 kW), Medium-scale Systems (100 kW-1 MW), Large-scale Systems (Above 1 MW)), by Component (Airborne Wind Turbines, Ground Station, Tether, Other), by Technology Type (Kite-based Systems, Balloon-based Systems, Glider-based Systems, Aircraft-based Systems, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis
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