Paris-based group will fund 25GW-by-2025 green energy goal with 'highest capex share of all O&G majors' even as oil market crisis takes sizeable bite of Q1 2020 financials.
Deal announced in January to become Iberia’s ‘largest solar power player’ by sponsoring 2.9GW portfolio will go ahead despite slashing expenditure as COVID-19 sends oil prices crashing.
Group rolls out COVID-19 precautions as it starts building 126MW trio in Ciudad Real and expects to break ground on 264MW PV project in Extremadura in ‘coming weeks’.
Crash of crude prices as virus tightens global grip may create challenges for firms relying on oil revenues as they finance a shift to green energy, IEA warns.
Trillion-dollar oil wealth manager NBIM confirms plans to pour billions into unlisted renewables within three years, with outgoing CEO set to lead efforts from the UK capital
Germany’s juwi walks PV Tech through timetable and PPA details for 204.3MWp plant it has now sold to Hellenic Petroleum, a deal ministers say heralds new renewable era in Greece.
Oil major’s deal with ACS Group to amass massive pipeline in Spain marks the latest boost for the country, said by regulators to have nearly doubled PV capacity in a single year.
There are 'few signs' industry majors are investing in renewables at the scale required by climate change, global body says in warnings aimed at wealthy Davos attendees.
Hevel fires up 1MW of rooftop and ground-mounted PV at a state-managed oil refinery in southern Russia, while Photon interconnects 6.9GWh to Hungary grid and receives 13.6MW of PV solar modules from Jinko.
Lisbon-headquartered Galp signs various PPAs to purchase annual 358GWh for 12 years from projects under development, with supply set to start next year.
OMV and Verbund will deploy two-site 16MW installation northeast of capital Vienna, a 60,000-panel project set to become operational in late 2020.
Sigma 204MW project in Cádiz province comes amid 794MW new renewable push by group, which already owns 260MW Valdesolar scheme.
Sale plans by financial owner follows years of meteoric growth of firm owning 500MW PV portfolio for businesses in India, Middle East and South East Asia.
US$1trn-plus financier has already shown appetite for solar manufacturers. Does the new aperture to unlisted infra herald a capital bonanza for downstream players?
Both projects will contribute to cutting down on gas use at existing turbines, while the Tunisia system will be combined with battery energy storage.