World, As Seen from Trinity Street, Dublin, Ireland

Shell invests in Indian solar energy giant

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Shell, through a subsidiary, has taken a 20 percent interest in the Indian solar panel company Orb Energy. This company offers small and medium-sized companies the opportunity to invest in solar panels. In this way, Orb Energy has already sold 160,000 systems, with a total capacity of 75 megawatts.

Shell invests in the company through Shell Energy Solutions. Financial details were not disclosed.

It is not the first investment in India for the Dutch-British oil and gas company. Shell wants to tackle so-called ‘energy poverty’ in Africa and Asia and has set itself the target of supplying 100 million people in developing countries with reliable energy in eleven years.

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World, As Seen from Trinity Street, Dublin, Ireland

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