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 equity investment firm . The deal is valued at up to $ 500 m in cash , based on Silicon Ranch 's performance . The agreement represents Shell's return to the solar sector, 12 years after the Dutch company exited the business. Shell has the option to increase its stake after acquisition .
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 equity investment firm . The deal is valued at up to $ 500 m in cash , based on Silicon Ranch 's performance . Shell has the option to increase its stake after acquisition .