Shell completes acquisition of renewables platform Sprng Energy group

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has completed its 100% acquisition of Solenergi Power Private Limited and with it, the Sprng Energy group of companies from Actis Solenergi Limited.

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.

Sponsor:

Shell Catalysts & Technologies

News Category:

Company News

Other News Items

Shell publishes Energy Transition Strategy 2024

Shell plc has published its first energy transition update since the launch of its Powering Progress strategy in 2021. At our Capital Markets Day in June 2023, we outlined ...

14-03-2024
The EU in 2040 a systemic change is now required

On 6 February, the European Commission published its Communication and Impact Assessment (IA) for a 2040 Climate Target for the EU,recommending a net greenhouse ...

14-02-2024
Shell Blue Hydrogen Process selected by Trillium H2 Power

Trillium H2 Power LLC has awarded Shell Catalysts & Technologies a contract to deliver a Shell Blue Hydrogen Process license agreement. The license is for tH2 Power, ...

05-02-2024
Shell publishes reports on sustainability, climate & Energy transition lobbying and payments to governments

Shell plc has published its 2022 Sustainability Report, its 2022 Climate and Energy Transition Lobbying Report and its 2022 Payments to Governments Report. Shell has ...

28-03-2023
Shell Blue Hydrogen process wins Humber H2ub® process design package contract

The international energy company Uniper, and Shell UK Limited (Shell UK), have awarded Shell Catalysts & Technologies a contract to deliver a process design package ...

21-03-2023
Shell reports good progress on journey to net-zero emissions

Shell plc has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy. The report ...

16-03-2023
Calpine award FEED contract for Baytown carbon capture unit project

Technip Energies, together with Shell Catalysts & Technologies and Zachry Group, have been awarded a Front-End Engineering and Design (FEED) contract for a carbon ...

10-03-2023
Shell to test carbon capture technology at Technology Centre Mongstad in Norway

Shell Catalysts & Technologies has entered an agreement with Technology Centre Mongstad (TCM) to test a technology for capturing carbon dioxide (CO2). The test will ...

14-12-2022
Shell, Sinopec, Baowu and BASF to explore open-source carbon capture, utilisation and storage project in China

Shell has signed a non-binding Memorandum of Understanding (MoU) with Sinopec, Baowu and BASF to explore the feasibility of developing an open-source carbon capture, ...

04-11-2022
Shell to explore carbon transport and storage in Brunei and Singapore

Shell Eastern Petroleum (Shell) has signed a Memorandum of Understanding (MoU) with Brunei Shell Petroleum (BSP) to explore the feasibility of carbon transport and storage ...

26-10-2022