{"id":488035,"date":"2022-04-30T11:06:11","date_gmt":"2022-04-30T05:36:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=488035"},"modified":"2022-04-30T11:06:11","modified_gmt":"2022-04-30T05:36:11","slug":"shell-to-buy-actis-owned-renewables-firm-sprng-energy-for-1-55-bn-in-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-to-buy-actis-owned-renewables-firm-sprng-energy-for-1-55-bn-in-india\/","title":{"rendered":"Shell to buy Actis-owned renewables firm Sprng Energy for $1.55 bn in India"},"content":{"rendered":"<p>British energy major Shell on Friday said its subsidiary Shell Overseas Investments have signed an agreement with buyout firm Actis to acquire the Indian renewable energy platform Sprng Energy for $1.55 billion (Rs 11,800 crore).<\/p>\n<p>Sprng Energy, an Actis Energy 4 fund investment, supplies solar and wind power to electricity distribution companies in India. It has 2.9 gigawatts-peak (GWp) of solar and wind energy assets in its portfolio, with 7.5 GWp of renewable energy projects in the pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British energy major Shell on Friday said its subsidiary Shell Overseas Investments have signed an agreement with buyout firm Actis to acquire the Indian renewable energy platform Sprng Energy for $1.55 billion (Rs 11,800 crore). Sprng Energy, an Actis Energy 4 fund investment, supplies solar and wind power to electricity distribution companies in India. It has 2.9 gigawatts-peak (GWp) of solar and wind energy assets in its portfolio, with 7.5 GWp of renewable energy projects in the pipeline.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-488035","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/488035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=488035"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/488035\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=488035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=488035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=488035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}