Shell Completes Acquisition of Renewables Platform Sprng Energy Group

Source: www.gulfoilandgas.com 8/9/2022, Location: Asia

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).

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.


United States >>  9/29/2022 - VAALCO Energy, Inc. announced that at VAALCO’s special meeting of stockholders held today regarding the proposed combination with TransGlobe Energy Co...
Nigeria >>  9/28/2022 - Daystar Power, a West African provider of hybrid solar power solutions to commercial and industrial (C&I) businesses, announced its acquisition by She...

United Kingdom >>  9/28/2022 - Reabold, the AIM quoted investing company with a portfolio of upstream oil and gas projects, is pleased to announce the execution of a Sale and Purcha...
Bermuda >>  9/23/2022 -  Höegh LNG Holdings Ltd. (“Höegh LNG”) announced the completion of its previously announced acquisition of Höegh LNG Partners LP, pursuant to which Hö...

United States >>  9/23/2022 - Reliance New Energy Limited (“RNEL”), a wholly owned subsidiary of Reliance Industries Ltd (“Reliance”), has signed definitive agreements to invest i...
United States >>  9/22/2022 - Talos Energy Inc. announced the execution of definitive agreements to acquire EnVen Energy Corporation ("EnVen"), a private operator in the deepwater ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.