The Enerdatics research team has mapped the evolution of Shell’s inorganic growth in the renewables space during the last 5 years, and summarized its findings on a single slide, available above.
Sprng Energy, a portfolio company of private equity investment firm Actis, is an independent power producer (IPP) and developer of solar and wind energy assets. Established in 2017 with an asset base of 330 MWp, Sprng’s portfolio has grown to encompass more than 2.9 GWp of assets, comprising 2.1GWp of operational capacity and 0.8 GWp of projects contracted for third parties. The company also has a development pipeline of 7.5 GWp of assets.
The acquisition triples Shell’s renewable capacity in operation to ~3 GW, and adds to its existing solar project capabilities in India, built through the acquisition of Fourth Partner Energy, Cleantech Solar, and Orb Energy. The acquisition is consistent with Shell’s strategy of inorganically establishing its footprint across the energy value chain, in specific regions. The company pursues a roadmap of acquiring developers, technology service providers, and power retailers to build-out an integrated presence in its target markets. Over the past few years, Shell has been consolidating its position in select regions across the globe, such as the US, Australia, India, and the UK. Since 2017, the company’s corporate takeovers have included 7 power retailers, 6 service providers and 5 power generation companies. Since 2021, Shell has focussed on enhancing its presence in the solar energy landscape primarily in the US, while boosting its retail/power trading presence in Australia, the US and Germany.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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