EnergyWatch

Shell acquires Italian solar developer

The oil company has acquired Solar-Konzept Italia, which specializes in developing solar farms.

Photo: European Energy

With the acquisition of Solar-Konzept Italia, Shell has boosted its photovoltaic development pipeline, which is approaching a capacity of nearly 2GW, the oil giant informs in a press release.

”Italy is a priority market for Shell’s Renewables & Energy Solutions business. The acquisition of SKI aligns with Shell’s strategy for integrated power delivery in Italy. Integrated power is key driver in our Powering Progress strategy and commitment to achieve net zero by 2050. We will also continue to work with national and regional authorities to support the Italy’s energy transition,” says Shell’s VP Italy and Country Chair Marco Marsili in a comment.

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