Shell’s interest in Fourth Partner Energy comes amid the central government’s ambitious plans to set up 175 GW of renewable energy capacity by 2022, of which 40GW is to come from rooftop solar power projects. Photo: MintNew Delhi: Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad-based rooftop solar firm Fourth Partner Energy, two people aware of the development said. Shell is looking to buy a “significant stake” in Fourth Partner Energy, said one of the two people cited above, requesting anonymity. Shell’s interest in Fourth Partner Energy comes amid the central government’s ambitious plans to set up 175 gigawatt (GW) of clean energy capacity by 2022. Mint reported on 10 February last year about Shell’s interest in solar power producer Amplus Energy Solutions Pvt.

Source: Mint February 21, 2018 19:52 UTC