Shell to Sell India Renewables Business to Aditya Birla for $1.8 Billion
By Adria Calatayud
Shell said it agreed to sell Sprng Energy to Aditya Birla Renewables for $1.8 billion, nearly four years after it bought the supplier of solar and wind power in India.
The U.K. energy major said Monday that it signed an agreement for the sale of Solenergi Power, which includes Sprng Energy, to Aditya Birla Renewables, the renewable-energy platform of the Indian conglomerate. Shell said the move reflects its focus on adjusting the portfolio of its power business.
"This is another step in building a more focused, competitive and resilient business while improving returns year on year towards 2030," Shell's president of downstream, renewables and energy solutions, Machteld de Haan, said.
Shell bought the business from Actis, a London-based investor focused on sustainable infrastructure, in 2022 for $1.55 billion.
The deal is expected to be completed by the end of the year, Shell said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
July 13, 2026 10:50 ET (14:50 GMT)
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