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Shell to acquire 49% stake in Cleantech Solar

December 20, 2018

MUMBAI: Royal Dutch Shell Plc has picked up 49% stake in Cleantech Solar, a Southeast Asia and India-focused solar energy systems developer, for $100 million in what could be the British energy giant’s first investment in the alternate energy space in Asia.

The transaction is expected to get concluded in January 2019, the two companies said on Wednesday. Headquartered in Singapore, Cleantech Solar owns and operates more than 120 solar power plants across Southeast Asia, representing ove ..

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