Shell to acquire US renewables retailer
USA Royal Dutch Shell’s American arm, Shell New Energies, is set to grow the super-major’s clean-energy and low-carbon profile. The acquisition is expected to be approved in Q4 2021.
Inspire Energy Capital currently supplies power to 235,000 residential customers in California.
In May 2021, the Netherlands ruled that Shell should reduce its carbon emissions by 45% compared to its 2019 levels by 2030. The company has promised to become carbon neutral by 2050.
The value of the deal was not disclosed.
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