Keppel completed the acquisition of the remaining 49% stake in Cleantech Renewable Assets from Shell Singapore.

Keppel, a Singapore-based asset management and infrastructure company, completed the acquisition of the remaining 49% stake in Cleantech Renewable Assets, a renewable energy developer that finances, constructs, owns and operates solar and wind projects, from Shell Singapore, an energy company engaged in refining, marketing, and trading petroleum and renewable energy products. Financial terms were not disclosed. “Holding all of Cleantech will strengthen our ability both as a key investor and General Partner to drive performance, accelerate decision-making as well as augment Keppel’s ability to create greater value from a proven and scalable renewable energy platform,” Jopy Chiang, Keppel Deputy Chief Investment Officer and Chief Investment Officer, Infrastructure.