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

January 19, 2022 06:34 ET (11:34 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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