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المشهد العربي
Shell transfers Spring Energy to Aditya Birla
British oil company "Shell" has agreed to sell its stake in the Indian renewable energy company "Spring Energy" for $1.8 billion. The deal involves the acquisition by "Aditya Birla Renewables." The transaction includes Shell's entire stake in "SolarEnergy Power Private Limited," which manages a portfolio of renewable energy projects with a total capacity of 5 gigawatts in India, focusing on wind and solar energy sources. This sale is part of Shell's strategy to recycle capital and concentrate its investments on an asset-backed trading model in the electricity sector, aiming to increase returns by 2030.
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