UK solar investor Foresight Solar Fund has agreed a €20 million deal to acquire a 26.1MW solar project in Spain, the company’s first in the country and its first ever subsidy-free solar investment.
Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.
Shell’s energy supply division has launched a new solar and storage tariff in the UK that aims to “revolutionise” how domestic solar installations are used.
NextEnergy Capital (NEC) has entered into two separate ten-year power purchase agreements with Shell Energy North America for the power from two US-based solar farms.
Oil and gas major Shell is to ramp up its renewable energies division in order to decarbonise its operations and strive towards a net-zero-by-2050 target.
Construction is already underway for 120MW project near Wandoan, marking utility-scale global debut for oil and gas major already active in the country after M&A flurry last year.
The acquisition follows Shell's purchase of Aussie electricity retailer ERM Power in late November and is part of the oil major's drive to establish a "one-stop energy shop" down under.
Solar Media's Liam Stoker and Andy Colthorpe take a look at how utilities across the world are increasingly deploying sizeable solar and/or storage plants, and discuss the rise of long-duration storage.
