Keppel gains full control of Cleantech Solar, eyes $400 million sale
Singapore-based Keppel Ltd has acquired Shell Plc’s 49% stake in Cleantech Solar for around USD200 million, giving it full ownership of the company. Keppel previously held a 51% stake in the company and is reportedly planning to sell Cleantech Solar in a deal that could be valued at approximately USD400 million. Cleantech Solar, through its holding company Cleantech Renewable Assets Pte. Ltd, manages a 1.2 GW portfolio of solar and wind assets across India, Singapore,…