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Statoil takes first step into solar sector with Brazilian JV

Published Wed, Oct 4, 2017 · 09:50 PM

Oslo

NORWAY'S Statoil is taking its first step into the solar sector on Wednesday, partnering up with Oslo-listed renewable energy firm Scatec Solar in a joint venture aiming to build several large-scale solar plants in Brazil.

Bruised by pressure on oil prices over the last two years, European oil companies have been intensif…

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