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Another Major Oil Player Invests In Clean Energy

by posted 7months ago 58 views
Oil and gas trader Vitol and renewables investor Low Carbon announced they’re partnering on a €200 million (about $234 million) fund to invest in renewable energy generation throughout Europe. Vitol’s commitment is the latest in a growing roster of fossil-fuel-centric companies showing confidence in clean energy through financial commitments. Among oil and gas majors, Shell has invested in solar developers like Silicon Ranch and storage company sonnen, Total has acquired energy efficiency company GreenFlex and invested in energy storage company Ionic Materials, and Engie has bought electric charging company EVBox.