{"id":488621,"date":"2022-05-02T11:39:35","date_gmt":"2022-05-02T06:09:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=488621"},"modified":"2022-05-02T13:09:26","modified_gmt":"2022-05-02T07:39:26","slug":"shell-agrees-to-buy-indian-renewables-firm-sprng-energy-at-1-55-bln","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-agrees-to-buy-indian-renewables-firm-sprng-energy-at-1-55-bln\/","title":{"rendered":"Shell agrees to buy Indian renewables firm Sprng Energy at $1.55 bln"},"content":{"rendered":"<p>Multinational oil and gas company Shell has agreed to acquire India-based renewable power firm Sprng Energy for $1.55 billion, multiple reports said. <\/p>\n<p>It aims to boost the energy company&#8217;s low-carbon output as it shifts away from traditional energy sources. <\/p>\n<p>Shell said it would buy 100 per cent of Solenergi Power, the flagship company of Sprng Energy group, from UK-based investor Actis. <\/p>\n<p>Sprng Energy supplies solar and wind power to electricity distribution companies in India. <\/p>\n<p>The deal, which is expected to close later this year, will triple Shell&#8217;s renewables capacity in terms of operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multinational oil and gas company Shell has agreed to acquire India-based renewable power firm Sprng Energy for $1.55 billion, multiple reports said. It aims to boost the energy company&#8217;s low-carbon output as it shifts away from traditional energy sources. Shell said it would buy 100 per cent of Solenergi Power, the flagship company of Sprng Energy group, from UK-based investor Actis. Sprng Energy supplies solar and wind power to electricity distribution companies in India. The deal, which is expected to close later this year, will triple Shell&#8217;s renewables capacity in terms of operations.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,144],"tags":[],"class_list":["post-488621","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/488621","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=488621"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/488621\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=488621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=488621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=488621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}