Shell invests in ESCO Pacific for a 49% stake
Date
December 19, 2019
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Australia
Subsectors
Photovoltaic
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ESCO Pacific and Shell have formed a partnership through Shell's acquisition of a 49% stake for an undisclosed amount.
ESCO Pacific, a utility-scale solar developer, has delivered to market nearly 500 MW of projects since 2017, with a further 350 MW of solar assets under long term management.
ESCO Pacific will continue to operate under its existing management and brand.
