Shell plc (NYSE:SHEL) said Monday that its subsidiary, Shell Overseas Investment B.V., has agreed to sell 100% of Solenergi Power Private Limited, including the Sprng Energy group of companies, to Aditya Birla Renewables Limited (ABRen) for $1.8 billion.
The deal includes Sprng Energy's operating assets, commercial contracts and renewable energy portfolio.
The transaction is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.
The purchase price is also subject to customary adjustments, including net debt and capital expenditure adjustments.
Portfolio Reshaping "This agreement reflects Shell's continued focus on adjusting the portfolio in our power business," said Machteld de Haan, president of downstream, renewables and energy solutions at Shell.
