The world’s largest oil company, Saudi Aramco, is apparently mulling over as much as $5 billion in renewable energy investments as part of plans to diversify from crude oil production, according to people with knowledge on the matter.
Reuters is reporting that seven leading oil and gas companies will be joining forces to create a renewable energy investment fund for the development and promotion of renewable energy.
The world’s 47 largest investor-owned fossil fuel and cement producers have found themselves accused this week of human rights abuses. In December of 2015, we reported on an investigation being carried out by the Philippines Commission on Human Rights (CHR) into whether fossil fuel companies are to be held responsible for … [continued]
French oil major Total has announced the successful completion of its billion-dollar acquisition of leading battery designer Saft. Total announced on its website on Monday that it now held 90.14% of Saft Groupe shares following the public tender offer initiated by Total on Saft Groupe. The public tender offer will … [continued]
The Metro of Santiago, Chile, will be the first public transport system to run mostly on solar energy, after a new agreement signed with Total and SunPower this week. According to an announcement from US solar manufacturer SunPower, in cooperation with Total, a global integrated energy producer and provider, the … [continued]
In episode #26 of Cleantech Talk, Matthew and I tackled Tom Moloughney’s vision for the BMW i5, how BMW could potentially compete with Tesla Motors and the Tesla Model 3. We then chatted about a fascinating recent acquisition — Total’s majority control acquisition of Saft — and the general topic of Total’s apparent leadership among oil companies in the transition to clean energy.
Dubai Electricity and Water Authority has received yet another record-breaking bid for expansion of the iconic Mohammed bin Rashid Al Maktoum Solar Park, the lowest solar price bid in history, for an 800 MW solar PV project that expands on 213 MW. Dubai Electricity and Water Authority (DEWA) had floated … [continued]
Total, Europe’s third largest oil and gas company, has just announced a huge boost in future for the clean energy sector. The 2015 annual report indicates a growing share of PV production in the company’s income. In the 2015 report, Total had a net income in marketing and services segment … [continued]
Financial offerings by renewable energy companies are quite a hit globally these days. The latest example of the success that companies have been able to secure in raising funds is from the US-based solar panels manufacturer SunPower. SunPower recently raised $400 million by offering debentures. The financial instruments were offered … [continued]
Oman is set to make a significantly large investment to set up a solar project to boost natural gas production from its oilfields. Energy giants Shell and Total are set to partner with the Oman government to set up a large-scale solar project to boost natural gas production. Petroleum Development … [continued]
