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Shell to acquire 9.6 GW renewable power company in India

  • 12 days ago (2022-05-11)
  • David Flin
Asia 714 Renewables 701 Solar 166 Wind 184

Shell has announced that it plans to acquire Sprng Energy for $1.55 billion, a renewable energy company in India owned by the investment firm Actis . Sprng Energy has 9.6 GW in its renewable energy portfolio, including 2.1 GW of operational capacity.

Global Offshore Wind 2022
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Global Offshore Wind 2022

Shell has made other investments in the Indian renewable energy sector in the past, but this will be its first in the utility-scale solar and wind domain. It has interests in the bio energy power company Husk Power Systems and Cleantech Solar, a solar power developer focused on commercial and industrial consumers.