Shell swoops for Indian renewables giant Sprng Energy in $1.55bn deal

Michael Holder
clock • 2 min read
Shells Qabas solar plant in Oman | Credit: Shell
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Shells Qabas solar plant in Oman | Credit: Shell

Oil and gas giant set to triple its global operational wind and solar capacity as a result of the agreement with private equity firm Actis

Shell is poised for a takeover of Indian renewable energy giant Sprng Energy, after agreeing a $1.55bn deal today to buy 100 per cent of its parent company Solenergi Power Private Limited which should...

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