Shell to Acquire Major US-based Solar Energy Developer

The acquisition of U.S.-based Savion from Macquarie's Green Investment Group is expected to “significantly expand” Shell’s existing solar and energy storage portfolio.

Hart Energy Staff
Shell to Acquire Major US-based Solar Energy Developer

Based in Kansas City, Missouri, Savion currently employs 126 staff and has a pipeline of more than 18 gigawatts of solar and energy storage projects with over 100 projects under development in 26 states. (Source: Shutterstock.com)

On the heels of closing the $9.5 billion sale of its Permian Basin upstream business, Royal Dutch Shell Plc has announced the acquisition of a U.S.-based solar and energy storage developer described by Shell as a significant expansion to its global solar portfolio.

According to a company release on Dec. 14, Shell New Energies US LLC, the Houston-based subsidiary of the Anglo-Dutch multinational energy giant, signed an agreement to buy 100% of Savion LLC from Macquarie's Green Investment Group.

Based in Kansas City, Missouri, Savion specializes in developing solar power and energy storage projects for a variety of customers, including utilities and major commercial and industrial organizations in the U.S.

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