November 2020

It is becoming more obvious with each passing month that the big global energy players are realising they must shift focus from fossil fuel production to renewable – even if this means investing in smaller players or starting new arms to produce in modern ways. Offshore wind, solar, biogas, tidal – all have now received investment from the big players.

In this edition we take a closer look at investments into renewable projects made by big players including Total, Engie, Equinor and E.ON. By 2050, most of these majors will have made a complete shift away from fossil fuels and will be heavily reliant on renewables.

But renewables will not look the same as they do today. Take Equinor for example – the Norwegian company is looking at the potential for floating offshore wind farms to harness wind power in deeper, harsher, more challenging conditions. Turbines can be housed on floating towers that use the same ideas as the basic sea buoy.

Then there’s Engie – the French business is looking at the potential for biogas and how its production can be maximised without losing efficiency. The company recently opened a new state-of-the-art facility in France to investigate potential. For E.ON, the German-based business has partnered with auto maker Audi to install Europe’s largest rooftop PV plant at its centre in Hungary. While widespread use of oil, gas and coal in the global energy mix will not be disappearing anytime soon, the wheels are already in motion to make the switch to renewables. Backed by public sentiment, these big businesses will undoubtedly be key drivers of change.

Get in touch and tell us what your business is doing as part of the energy transition. Whether you’re a producer or user – we want to hear how renewables are growing in your business.