Shell gets Italian solar outfit

• Deal takes oil giant's growth pipe to 2GW

Shell has obtained 100% of solar development company solar-konzept Italia (SKI) from Aquila Capital-owned solar-konzept International.

The procurement increases Shell's solar advancement pipe in Italy to approximately 2GW as well as supports it's worldwide passion to supply clients with eco-friendly power.

Shell's Vice Head of state for Italy as well as nation chair Marco Marsili stated: "Italy is a top priority market for Shell's Renewables & Energy Solutions service.

" The acquisition of SKI aligns with Shell's technique for integrated power shipment in Italy.

" Integrated power is crucial vehicle driver in our Powering Progress approach and also commitment to attain net zero by 2050.

" We will likewise remain to deal with nationwide and also local authorities to support the Italy's energy shift."

Shell Italy's head of renewables power growth as well as recently designated chief executive of solar-konzept Italia Ivan Niosi stated: "This deal accelerates our ongoing efforts in Italy and will make us among the leading solar developers in Italy.

" The 10-person SKI group will be integrated into Shell Italy and also bring beneficial experience in agrivoltaic project development.

" The group will certainly establish the mixed profile, continue to pursue new projects, and sustain our corporate PPA offerings to consumers."