Shell acquires Sprng Energy group India’s leading renewable power platforms

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.

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), signed an agreement with Actis Solenergi Limited (Actis) to acquire 100 percent of Solenergi Power Private Limited for $1.55 billion and with it, the Sprng Energy group of companies.

Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its portfolio consists of 2.9 gigawatts-peak[1] (GWp) of assets (2.1 GWp operating and 0.8 GWp contracted) with a further 7.5 GWp of renewable energy projects in the pipeline.

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