Shell Overseas Investment, a wholly owned subsidiary of Shell, has completed its 100% acquisition of Solenergi Power and, with it, the Sprng Energy group of companies from Actis Solenergi Limited for $1.55 billion. About half of the $1.55 billion will be cash CAPEX, and the rest will be debt obligations. Solenergi Power is incorporated in Mauritius and is the direct shareholder of the Sprng Energy group of companies in India. Sprng Energy will retain its existing brand and operate as a wholly owned subsidiary of Shell within Shell’s Renewables and Energy Solutions Integrated Power business.