Shell buys Italian solar company


ItalyShell has bought out solar development company solar-konzept Italia Srl (SKI) in its entirety from solar-konzept International GmbH.

The acquisition expands Shell’s solar development pipeline in Italy to approximately 2GW and supports Shell’s global goal of supplying renewable energy to customers.

Marco Marsili, Shell’s VP Italy and Country Chair said: “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.”