Finance
Shell reviewing strategic options for Sprng renewables unit
Published by Global Banking & Finance Review®
Posted on February 12, 2026
1 min readLast updated: February 12, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 12, 2026
1 min readLast updated: February 12, 2026
Shell is reviewing strategic options for its Sprng Renewables unit to unlock long-term value, following its $1.55 billion acquisition in 2022.
LONDON, Feb 12 (Reuters) - Shell is reviewing strategic options for its India-based Sprng Energy renewable power unit, the company said on Thursday.
The British oil major said it was too early to comment on the outcome of the review. The review comes as CEO Wael Sawan shrinks the company's low-carbon projects to focus on liquefied natural gas trading and upstream.
Shell agreed to buy Sprng in 2022 for $1.55 billion. The platform has operational capacity of 2,300 megawatt peak (MWp) and contracted total capacity of 5,026 MWp, its website said.
Last week, Shell missed fourth-quarter profit expectations with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its bumper share buyback programme.
Rival BP is also undergoing a strategy reset back to hydrocarbons and took about $4 billion in charges on its renewables and biogas assets last quarter.
(Reporting by Stephanie Kelly and Shadia Nasralla, Editing by Louise HeavensEditing by Peter Graff and Louise Heavens)
Renewable energy is energy derived from natural processes that are replenished constantly, such as solar, wind, and hydropower.
Corporate strategy refers to the overall plan for a company to achieve its goals and objectives, including decisions on resource allocation and business direction.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
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