By Jaime Llinares Taboada
Royal Dutch Shell PLC said Wednesday that it has acquired a developer of solar-power-generation projects in Italy.
The oil-and-gas company has acquired solar-konzept Italia Srl, a subsidiary of Germany's solar-konzept International GmbH. The deal increases Shell's solar-development pipeline in Italy to around 2 gigawatts, it said.
Shell said that the acquisition makes it one of the leading solar developers in the Mediterranean country.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
01-19-22 0634ET