Shell has agreed to buy a controlling stake in US solar project developer, owner and operator Silicon Ranch Corporation. The Anglo-Dutch energy giant will buy 43.83% of the Nashville-based company from Partners Group, a global private markets investment manager. Shell also acquired EV charging company NewMotion last year, and recently joined with other energy majors to launch an Ethereum blockchain initiative, focused on improving the integration of renewable energy into the grid system. In an announcement on Tuesday, Shell said it would pay $US1.05 billion ($A2.06 billion) for the company, which is owned by investors including Shell has the option to increase its stake after 2021.
Shell has agreed to buy a controlling stake in US solar project developer, owner and operator Silicon Ranch Corporation. The Anglo-Dutch energy giant will buy 43.83% of the Nashville-based company from Partners Group, a global private markets investment manager. In an announcement on Tuesday, Shell said it would pay $US1.05 billion ($A2.06 billion) for the company, which is owned by investors including Shell has the option to increase its stake after 2021.