Shell to Sell Sprng Energy group to Aditya Birla Renewables

Shell Overseas Investment B V, a wholly owned subsidiary of Shell plc, has signed an agreement with Aditya Birla Renewables (ABRen) to sell 100% of Solenergi Power, which includes the Sprng Energy group of companies, for $1.8 billion.

“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.