Royal Dutch Shell completed the acquisition of a 49% stake in ESCO Pacific.

Royal Dutch Shell completed the acquisition of a 49% stake in ESCO Pacific, an Australian focused utility-scale solar developer and asset manager. Financial terms were not disclosed. "ESCO Pacific has been one of the fastest-growing independent solar developers in Australia. We’d like to build on that growth and continue our rapid scaling by leveraging the resources that the Shell investment makes available to us. This partnership is a testament to the success of our strategy, our business and our team," Steve Rademaker, ESCO Pacific Founder and Managing Director.