Shell and Infrastructure Capital Group to acquire the Australian business of Meridian Energy for $528m.

Shell, an energy and petrochemical company, and Infrastructure Capital Group, an infrastructure investor and manager to acquire the Australian business of Meridian Energy, an electricity generator and retailer, for $528m. “Our aim is to become a leading provider of clean power-as-a-service and this acquisition broadens our customer portfolio in Australia to include households. Shell’s presence across the entirety of our changing energy system means we are well-placed to manage complexity for customers so that we deliver simple, cleaner energy solutions,” Elisabeth Brinton Shell Executive Vice President of Renewables and Energy Solutions.