Savion operates more than130 projects across US Purchase dips into Shell’s renewable fund In pursuit of achieving net-zero emissions by 2050, Shell plans to expand its global solar portfolio with the purchase of a US solar and energy storage developer, the company said Dec. 14.
Under the agreement, Shell’s renewable and low-carbon energy subsidiary, Shell New Energies, will buy Savion, a Kansas City-based renewable energy company that operates over 130 solar and energy storage projects in various stages of development across 26 states, with a combined capacity of 18 GW. Its customers include utilities and major industrial and commercial organizations, Shell said in a statement. “As one of the fastest-growing, lowest-cost renewable energy sources, solar power is a critical element of our renewables portfolio as we accelerate our drive to net zero,” Shell’s Integrated Gas and […]