Shell is considering taking a majority stake in Indian rooftop solar firm Fourth Partner Energy, according to people familiar with the matter. It has been eyeing the country's clean energy sector as the Indian government aims to install 175 GW of clean energy capacity - including 40 GW of solar - by 2022. Last year, Shell expressed an interest in Indian solar power producer Amplus Energy Solutions. The deal would be worth about $7.5 billion and include both companies' existing renewable energy businesses but also new investments into renewables such as wind farms or offshore wind, said one person who was not authorized
Shell is considering taking a majority stake in Indian rooftop solar firm Fourth Partner Energy, according to people familiar with the matter. It has been eyeing the country's clean energy sector as the Indian government aims to install 175 GW of clean energy capacity - including 40 GW of solar - by 2022. Last year, Shell expressed an interest in Indian solar power producer Amplus Energy Solutions. Shell declined to comment.