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Energy giant Shell to acquire U.S.-based Savion in solar power push

Reuters reports that Shell has bought U.S.-based Savion to increase its solar power push.

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The C3 Take
  • Savion is a Kansas City-based renewable energy company that has more than 18 gigawatts of solar power and energy storage in development.
  • Shell has recently made a push to grow its clean energy portfolio and plans to reach net zero emissions by 2050.
  • The private sector is leading the way to a more sustainable future.

“The oil major did not disclose the value of the deal, but said the acquisition adds on to its previous investment in U.S. solar power operator Silicon Ranch, with Savion’s more than 18 gigawatts of solar power and battery storage under development for many customers.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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