MINT·2025-10-21 00:00Company Overview - Keppel Ltd has acquired Shell Plc's 49% stake in Cleantech Solar, valuing the equity at approximately $200 million, thus taking full control of the company [1][4] - Keppel previously owned a 51% stake in Cleantech, having acquired it for $150 million in 2021 [2] Cleantech Solar's Portfolio - Cleantech Solar has a portfolio of 1.2 GW of solar and wind assets across several countries, with 1 GW currently operational [3] Strategic Moves by Shell - Shell's decision to sell its stake aligns with its strategy to focus on performance and simplification [4] - The sale of Cleantech is part of Shell's broader strategy, which includes plans to divest from other energy assets, such as the Sprng Energy group, valued at $1.55 billion [6] Market Trends in Green Energy - There is increasing interest in the green energy sector in India, particularly in the commercial and industrial segment, which constitutes 45-50% of the country's electricity demand [8][9] - The Indian government aims for a 20% renewable energy penetration over the next five years, necessitating a significant increase in renewable energy capacity [9][11] Investment Landscape - The regulatory environment in India is favorable for large power users, allowing them to source energy from the open market, which has attracted strong investor interest [10] - India plans to add 50 GW of green energy capacity annually to reach 500 GW by 2030, with a long-term goal of 1,800 GW by 2047 and 5,000 GW by 2070 [11]