Shell notifies full acquisition of Sprng Energy

Shell Overseas Investment B.V, a wholly-owned subsidiary of Shell plc, has notified 100 per cent acquisition of Solenergi Power Private Limited and the Sprng Energy group of companies from Actis Solenergi Limited.

Through this acquisition, the solar and wind assets capacity of Shell will be three folded. Actis established the renewable energy platform Sprng Energy in 2017, and is situated in Pune. It develops and manages renewable energy facilities like solar and wind farms as well as infrastructural assets. Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its portfolio consists of 2.9 GWp of assets with a further 7.5 GWp of renewable energy projects in the pipeline.