Shell agrees $1.8 billion sale of Sprng Energy to Aditya Birla Renewables
Transaction supports the energy giant’s portfolio reshaping strategy as the energy company refocuses its power business and capital allocation.
Shell has agreed to sell Sprng Energy, its India-based renewable power business, to Aditya Birla Renewables Limited (ABRen) for $1.8 billion as part of its ongoing portfolio optimization strategy.
The transaction involves the sale of 100% of Solenergi Power Private Limited, which includes the Sprng Energy group of companies. The deal was signed by Shell Overseas Investment B.V., a wholly owned subsidiary of the energy giant, and is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.
Sprng Energy develops and operates renewable energy projects in India, supplying solar and wind power to electricity distribution companies. Its portfolio includes 5.0 gigawatts-peak (GWp) of capacity, comprising 3.3 GWp of operating assets and 1.7 GWp under contract.
“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. She added that the company is “high-grading our power portfolio and recycling capital” to support its asset-backed trading strategy.
Shell also confirmed that Sprng Energy employees will continue their employment under the new ownership, helping to ensure operational continuity after the transaction is completed.
