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Shell seeks partners for renewable assets in India

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By Reuters
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LONDON: Shell is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng Energy, the oil major said in a statement to Reuters on Thursday.

The move is part of Shell CEO Wael Sawan’s plan to improve the British energy company’s performance and improve the returns of its assets.

“We continue to develop new projects (of the Sprng Energy group) while exploring partnering opportunities with investors who want to deploy capital on de-risked operational assets, with Shell retaining a stake in such assets,” Shell said.

India Shell oil production

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Awami Sep 21, 2023 11:29pm
It is very strange and pathetic to get such obvious common sense advice after needed so many dollars for travelling and coming back. Anyway, ways of this world are strange.
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