Shell has acquired 100% of solar development company Solar Konzept Italia (SKI) from Aquila Capital-owned Solar Konzept International.
The acquisition increases Shell’s solar development pipeline in Italy to approximately 2GW and supports it’s global ambition to supply customers with renewable power.
Shell vice president for Italy and country chair Marco Marsili said: “Italy is a priority market for Shell’s Renewables & Energy Solutions business.
“The acquisition of SKI aligns with Shell’s strategy for integrated power delivery in Italy.
“Integrated power is key driver in our Powering Progress strategy and commitment to achieve net zero by 2050.
“We will also continue to work with national and regional authorities to support the Italy’s energy transition.”
Shell Italy head of renewables power development and newly appointed chief executive of Solar Konzept Italia Ivan Niosi said: “This deal accelerates our ongoing efforts in Italy and will make us one of the leading solar developers in Italy.
“The 10-person SKI team will be integrated into Shell Italy and bring valuable experience in agrivoltaic project development.
“The team will develop the combined portfolio, continue to pursue new projects, and support our corporate PPA offerings to customers.”