Actis, AV Birla Group & KKR are other contenders in fray, binding bids in coming days.

Actis LLP is making a move to buy back Sprng Energy from Shell. This clean energy platform was originally set up by Actis. Other major play...

Aditya Birla Group has entered the race to acquire Shell's renewable energy platform, Sprng Energy, joining NIIF, KKR, and Sembcorp. The co...

As the renewable energy market heats up, Shell is placing Sprng Energy on the auction block, inviting competition from notable investors in...

Shell PLC is reportedly reviving the sale of its Indian renewable power producer, Sprng Energy, appointing Barclays to manage the process. ...

Shell's attempt to sell Sprng Energy faces challenges due to valuation disagreements. Discussions with Sekura Energy and ONGC stalled. Inve...

Shell Plc is in talks with Sekura Energy, Edelweiss Alternatives' energy platform, to sell a 300-MW portfolio from its India-based renewabl...

Shell acquired renewable energy platform Sprng Energy from private equity investor Actis in August 2022 for an enterprise value of $1.55 bi...

An important part of this strategy is to develop a best-in-class integrated power business, which will help Shell to reach its target of be...

Shell will be competing with Australian infrastructure fund Macquarie and Canadian pension fund CPP Investment Board for the potential bill...

The company has plans to develop a portfolio of 9 GW of renewable energy, which predominantly comprises solar power generation, according t...

Earlier in 2018, Actis sold its clean energy platform Ostro Energy to ReNew Power Ventures. Now it is planning to sell Sprng Energy.

Feelers have been sent to Canadian funds including Brookfield and CPPIB as well as Indian conglomerate Adani Group for the buyout.

Having NTPC and SECI (Solar Energy Corporation of India) as intermediaries has given a lot of comfort to investors; it is good for Actis bu...

“Actis will look to sell the Sprng business in 2022. By then, we should have 2,000-2,400 mw of operating capacity. I can’t talk about the v...

The acquisition of this portfolio is in line with Actis' commitment of building over 2 GW of renewable power projects in India.

The NTPC auction saw a total of 11 bidders who between them sought 4000 MW. The response, as well as the fall in tariffs was a welcome chan...