O&G giant Shell has backed residential renewables platform GreenCom Network’s €12 million (£11 million) funding round through its investment arm, Shell Ventures.
Shell’s CEO, Ben van Beurden, has given further detail on what the O&G giant’s journey to net zero will entail.
O&G major Total has acquired Blue Point London, taking over the management and operation of Source London as part of the transaction.
BP has made its first stride into the offshore wind market in a deal to develop the renewable generation technology in the US with Equinor.
BP has announced plans to increase its renewables capacity to 50GW, as it increases investment tenfold.
UK oil and gas major BP has announced it will cut 10,000 jobs in a response to COVID-19 and the subsequent economic downturn.
Total has become the latest oil and gas (O&G) major to set its sights on becoming net zero by 2050.
The parliamentary pension fund has been championed for an increase in renewables investment, however investments into O&G companies continue.
Oil and gas majors are expected to make significant plays in the solar sector in the coming years as continued cost reductions threaten their margins.