Partners Group has agreed to buy a controlling stake in Nashville solar project developer, owner and operator Silicon Ranch Corporation . The British -Dutch energy giant will buy 43.83% of the Nashville -based company from Shell , a global private markets investment manager. Last year, Royal Dutch Shell CEO Ben van Beurden said his company is accelerating into alternative energy, with plans to spend up to $1 billion per year on its New Energies division by 2020. The deal is valued at up to $217m in cash, based on Partners Group performance. Shell has the option to increase its stake after 2021 .
Partners Group has agreed to buy a controlling stake in Nashville solar project developer, owner and operator Silicon Ranch Corporation . The British -Dutch energy giant will buy 43.83% of the Nashville -based company from Shell , a global private markets investment manager. The deal is valued at up to $217m in cash, based on Partners Group performance. Shell has the option to increase its stake after 2021 .