big oil

Spanish oil major Repsol has made its first foray into the US renewables market with the acquisition of a 40% stake in solar and energy storage project developer Hecate Energy.

Repsol will ramp up investment in solar PV and wind in the next five years as looks to reach 15GW of renewable energy capacity by 2030.

Oil and gas major Shell is looking to expand its use of solar PV in Singapore as part of plans cut its CO2 emissions in the country by a third within a decade.

Repsol has strengthened its commitment to renewable generation with the creation of a joint venture in Chile that will develop more than 1.6GW of green energy projects by 2025, comprising two solar facilities and three wind farms.

Solar to continue rapid rise over this decade but lack of foresight with grid planning could mix with ultra-low prices and waste management troubles to set obstacles in the short and long term.

Spain's Repsol announces new 1.6GW solar and wind push as it admits current tech can only reach 'at least 70%' of target it has set for mid-century.

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.

Anesco and Shell’s New Energies division are to partner on a utility-scale battery storage project in Norfolk.

Energy giant Shell has increased its global solar footprint with the acquisition of a 49% stake in Cleantech Solar, a Southeast Asia and India-focused solar company.