Shell to buy stake in utility-scale solar developer

摘要

Shell will buy a minority stake in a Nashville-based utility-scale solarrndeveloper from a Switzerland-based investment manager for aboutrn$200 million, the oil major said Monday.rnHouston-based Shell is buying a 43.8% interest in Silicon Ranchrnfrom funds managed by Partners Group to “get involved in the fastrngrowing US solar market,” Marc van Gerven, Shell VP Solar said in arnstatement explaining the reason for the deal. The investment is part ofrnShell’s New Energies power portfolio and could be increased after 2021.