You are here

Oil majors moving into offshore wind farm industry

They're scoring victories against leading power suppliers in competitive auctions for power purchase contracts
Friday, March 24, 2017 - 05:50

BT_20170324_NSMAJORS24_2806269.jpg
Returns from wind farms are predictable and underpinned by government- regulated electricity prices; fossil fuel executives want to get a piece of the clean-energy business as forecasts emerge that renewables will eat into their market.

London

BIG Oil is starting to challenge the biggest utilities in the race to erect wind turbines at sea.

Royal Dutch Shell plc, Statoil ASA and Eni SpA are moving into multibillion-dollar offshore wind farms in the North Sea and beyond. They're starting to score victories against

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom