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Shell makes another bet on renewables, backs California-based Inspire

|By: , SA News Editor
Royal Dutch Shell (RDS.A, RDS.B) agrees to provide a credit line for trading and a revolving credit facility to California-based Inspire Energy Holdings, as the company expands its bet on renewable energy.

Inspire offers clean energy services to monthly subscribers in seven states, where users can manage their power consumption through a smartphone app.

Shell has taken steps recently to diversify beyond its core fossil fuel operations, agreeing to buy a 44% stake in U.S. solar plant operator Silicon Ranch and buying a U.K. power provider, following deals last year for electric car charging networks.

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