Shell to Divest Solenergi Power for 1.8 Billion Dollars

Business Acquisition Shell to Divest Solenergi Power for 1.8 Billion Dollars

2026-07-16 Source: Press release Shell 1 min Reading Time

Related Vendors

Shell Deutschland Oil GmbH

Xylem Analytics Germany Sales GmbH & Co. KG

CAC ENGINEERING GMBH

Pörner Ingenieurgesellschaft mbH

Shell has entered into an agreement to sell its Solenergi Power business to Aditya Birla Renewables for 1.8 billion dollars. The move is in line with Shell’s strategy of adjusting its portfolio in the power business.

Sprng Energy employees will continue employment with the new owner, supporting continuity for the workforce and ongoing operational reliability.(Source: Pixabay) — Sprng Energy employees will continue employment with the new owner, supporting continuity for the workforce and ongoing operational reliability.
(Source: Pixabay)

New Delhi/India − Shell Overseas Investment, a wholly owned subsidiary of Shell, recently signed an agreement with Aditya Birla Renewables (AB Ren) to sell 100 % of Solenergi Power, which includes the Sprng Energy group of companies, for 1.8 billion dollars.

“This agreement reflects Shell’s continued focus on adjusting the portfolio in our power business,” said Machteld de Haan, President, Downstream, Renewables and Energy Solutions at Shell. “We are high-grading our power portfolio and recycling capital in service of our asset-backed trading strategy outlined in Capital Markets Day 2025. This is another step in building a more focused, competitive and resilient business while improving returns year on year towards 2030.”

Sprng Energy employees will continue employment with the new owner, supporting continuity for the workforce and ongoing operational reliability.

The transaction is expected to complete by the end of 2026, subject to regulatory approval and closing conditions.

(ID:50901471)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.