Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has secured its total acquisition of Solenergi Power Private Limited and the Sprng Energy group of companies from Actis Solenergi Limited (Actis).

Actis’ Sprng Energy, founded in 2017, develops and manages renewable energy facilities, such as solar and wind farms and infrastructure assets, based in Pune, India.

Through the deal, Shell will triple its present renewable energy capacity in operation and help deliver its Powering Progress strategy. An important part of this strategy is to develop an integrated power business, which will help Shell reach its target of becoming a profitable net-zero emissions energy business by 2050.