Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has signed a definitive agreement with Aditya Birla Renewables Limited to sell its 100 per cent stake in Solenergi Power Private Limited, the holding entity for the Sprng Energy group of companies, for $1.8 billion.
The divestment aligns with the strategic roadmap presented by Shell during its Capital Markets Day 2025, which emphasised an asset-backed trading model for its power division. Under the terms of the agreement, all existing Sprng Energy employees will transition to the new ownership under Aditya Birla, ensuring structural continuity for the workforce and maintaining ongoing operational reliability across the business.
Machteld de Haan, President of Downstream, Renewables and Energy Solutions at Shell, stated that the transaction reflects the company’s continued focus on reshaping its power portfolio. She noted that Shell is actively high-grading its assets and recycling capital to build a more focused, competitive, and resilient business whilst driving higher financial returns in the run-up to 2030.
The multi-billion-dollar deal is expected to achieve full financial completion by the end of 2026, subject to receiving the necessary regulatory approvals and satisfying customary closing conditions.
