Shell sells Indian wind and solar business for $1.8bn

Shell has sold its renewable energy assets in India, including wind and solar businesses, to Aditya Birla Renewables for $1.8 billion. This move underscores Shell's ongoing strategy to refocus on its core oil and gas operations while the renewable energy sector continues to grow. The deal highlights the increasing consolidation within the renewable energy market and reflects broader trends in the global energy transition, where traditional oil companies are divesting from renewables to concentrate on their traditional business. For Shell, this sale marks another step in its broader strategy to streamline operations and emphasize its primary energy sources.