Shell has agreed to sell its Indian renewable energy platform, Sprng Energy, to Aditya Birla Renewables (ABRen) for $1.8 billion. The deal, expected to close by the end of 2026, is subject to regulatory approval and customary closing conditions. Sprng Energy's portfolio includes 5.0 GWp of renewable assets, with a mix of operational and contracted wind and solar power capacity supplying Indian distribution companies. AI
RANK_REASON Significant divestment of a renewable energy platform by a major energy company. [lever_c_demoted from significant: ic=1 ai=0.0]
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