February 2020

BP have set the target of becoming carbon neutral by 2050. Repsol have also set sights on the same goal. Equinor and Total have both committed to lofty carbon emission targets, as all of the world’s energy majors look to get in line with the Paris Climate Agreements. All are diversifying and looking at ways to get into the renewable market which, whatever way you look at it, is a good thing. These majors can bring expertise, manpower, and most importantly, money – which has been one of the major hurdles in getting renewable projects off the ground.

Repsol have been investing heavily in the development of the WindFloat Atlantic concept – a system that can harness floating platforms to the seafloor in previously inaccessible areas of the ocean, while boating capability of holding the heaviest turbines.

Seabased, the Norwegian wave power company (one to watch), has started to agree projects around the world in places like Ghana, Tonga, and the Caribbean. Novel technology can generate clean electricity with almost no noise, visual, or environmental pollution.

EDF Energy, known commonly for nuclear expertise, is investing heavily in wind energy with new parks opening and new generation coming online. Even with the stable and relatively clean supply of power from nuclear, the company is looking to traditional renewables to complement its portfolio.

Perhaps we will start to hear less from all of those who said “what happens when the sun isn’t shining and the wind isn’t blowing” – maybe now, with the advances of technology, we are realising that renewable energy could make for the foundation of a cleaner, more sustainable energy mix.

Get in touch and let us know if your business is making a shift in strategy, looking to move from fossil fuel related activity to renewable – we love to hear your stories.