2022-10-02
http://w3.windfair.net/wind-energy/pr/41642-shell-acquisition-sprng-energy-renewable-energy-platform-asset-actis-india-development-management-wind-solar-infrastructure

News Release from Shell Deutschland GmbH

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Wind Industry Profile of


Shell completes acquisition of renewables platform Sprng Energy group

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).

Image: PixabayImage: Pixabay

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.

Source:
Shell
Author:
Press Office
Link:
www.shell.com/...
Keywords:
Shell, acquisition, Sprng Energy, renewable energy, platform, asset, Actis, India, development, management, wind, solar, infrastructure



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