European utility already claims the world’s largest renewables fleet, with 46 gigawatts under management. European utility giant Enel has committed half of its total investment over the next few years to decarbonization, part of a new strategic plan revealed on Tuesday. Between 2020 and 2022, the Italian group will invest €11.5 billion ($12.6 billion) in […]
Mitsubishi Eyes Leading Position in Europe’s Energy Market With Eneco Acquisition
Offshore wind will be at the center of Mitsubishi’s growth plans in Europe as it leads an acquisition of Dutch utility Eneco. A group led by Mitsubishi beat out other bidders including Shell in reaching a €4.1 billion ($4.5 billion) deal to buy Dutch energy company Eneco, which the Japanese conglomerate intends to make the […]
Who Will Fund the Renewables Boom of the Next 15 Years?
New solar and wind investment could hit $190 billion a year by 2035, Wood Mackenzie says. Where will that money come from? How much capital for renewables is likely to be deployed going forward, and where will it come from? Wood Mackenzie estimates that the combined global capex spend on wind and solar projects will […]
Shell New Energies EVP: Hydrogen Subsidies Will Pay Off, Just Like They Did for Solar
Shell’s Mark Gainsborough on renewables, hydrogen and bringing together the oil giant’s burgeoning family of clean-energy businesses. PARIS : Shell expects its filling stations to eventually become fossil-fuel-free. But getting there will require major changes, and in the energy business, change often means subsidies. So it is with hydrogen, says Mark Gainsborough, executive vice president […]
