Shell sells India-based renewables business for $1.8 billion
Royal Dutch Shell has sold its Indian renewable energy subsidiary Sprng Energy to Aditya Birla Renewables Limited in a deal valued at $1.8 billion. The transaction includes all of Shell's stake in Solenergi Power Private Limited and reflects the company’s ongoing strategy shift, following recent divestments from electric vehicle charging networks.
Topics: corporate strategy oil & gas transition renewable energy