Shell To Acquire 9.6 Gigawatt Renewable Power Company In India

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Oil and gas major Shell has announced plans to acquire Sprng Energy, a renewable energy platform owned by the investment firm Actis.

, one of the leading renewable energy project developers in India. The company has 9.6 gigawatts in its renewable energy portfolio, including 2.1 gigawatts of operational capacity.

A number of domestic and foreign companies had expressed interest in Sprng Energy. These included Canada Pension Plan Investment Board , Sembcorp Industries Ltd, ArcelorMittal, and Adani Group. CPPIB has an expansive presence in the Indian renewable energy sector. It holds a stake in one of India’s largest renewable energy companies, Renew Power. In the recent past it has also expressed interest in investing in Renew’s competitors like Tata Power Renewables and SoftBank-backed SB Energy.

Sembcorp Industries already operates thermal, renewable energy, and hydropower assets in India and has been looking to expand its footprint. ArcelorMittal has also announced plans to increase its share of renewable energy in its power procurement. Adani Green Energy is one of the largest renewable energy companies in India. It recently

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Солнечные панели в Индии это бессовестное мошенничество. Там нужны тепловые топливно солнечные Три-Генерирующие станции с конфигурацией superHEV с электрическим кпд 60% и общим кпд 100% (поглощают тепло из окружающей среды). Но вы же как дебилы не хотите их изготовлять.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Carlyle acquiring specialty insurance company NSM from White Mountains InsuranceWhite Mountains Insurance Group Ltd. undefined shares rose 6% on Monday after the company said it agreed to sell specialty insurance company NSM Insurance...
Source: MarketWatch - 🏆 3. / 97 Read more »

Threat of blackouts in Tucson rises amid extreme heat, tight marketFor Star subscribers: Tucson Electric Power says it has plenty of power to handle summer demand spikes, but planning to avoid blackouts is getting trickier.
Source: TucsonStar - 🏆 339. / 59 Read more »