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statoil
The company is ready to finance projects for the extraction of wind and solar energy, solutions in the storage and transportation of energy and intelligent energy systems.
Statoil has already met with several businessmen who are eligible to receive money from the fund, reports Bloomberg. The company is ready to invest more than $ 20 million in each of the approved projects. Most of the investment will be done in North America and Europe.
In May 2015, Statoil established a unit to work with renewable energy. The company said it plans to deal with not only windmills: Statoil has already launched five such projects in the North Sea.
In the fourth quarter of 2015, Statoil profit fell by 44% compared with the same period a year earlier. The annual income is $ 9 billion, which is 43% less than in 2014. The company announced a reduction of capital investment to $ 13 billion from the previously planned $ 14.7 billion.
In the past two years, investors loved the "green" energy as much environmentalists do. Why? The answer is obvious: stocks of green companies are the best value for money, not only in comparison with traditional manufacturers, but also against the background of the overall market.
Matthew Winkler, co-founder and former chief editor of Bloomberg News, believes that the line between traditional and alternative energy will soon be erased.
"NYSE Bloomberg American Clean Energy Index, which includes 141 companies from North and South America, showed the yield 32.62% over the past two years. In turn, the forty-traditional energy companies included in the S&P 500 Energy Index, gave a 1.02% return over the same period."
"The cost of production of clean technologies is likely to continue to fall, and the demand for them due to public policy and changing people's preferences will grow. Many green manufacturers have almost reached parity with traditional energy companies in relation to price and ease of use of their product,"- says Irena Asmundson, senior economist at the California State Department of Finance.
"In the long term, electricity generators will have to work on both (traditional and clean energy), - admitted Francesco Starace, Italian head of the Enel Group. – A generator without clean energy will no longer be possible."
source: bloomberg.com
Statoil has already met with several businessmen who are eligible to receive money from the fund, reports Bloomberg. The company is ready to invest more than $ 20 million in each of the approved projects. Most of the investment will be done in North America and Europe.
In May 2015, Statoil established a unit to work with renewable energy. The company said it plans to deal with not only windmills: Statoil has already launched five such projects in the North Sea.
In the fourth quarter of 2015, Statoil profit fell by 44% compared with the same period a year earlier. The annual income is $ 9 billion, which is 43% less than in 2014. The company announced a reduction of capital investment to $ 13 billion from the previously planned $ 14.7 billion.
In the past two years, investors loved the "green" energy as much environmentalists do. Why? The answer is obvious: stocks of green companies are the best value for money, not only in comparison with traditional manufacturers, but also against the background of the overall market.
Matthew Winkler, co-founder and former chief editor of Bloomberg News, believes that the line between traditional and alternative energy will soon be erased.
"NYSE Bloomberg American Clean Energy Index, which includes 141 companies from North and South America, showed the yield 32.62% over the past two years. In turn, the forty-traditional energy companies included in the S&P 500 Energy Index, gave a 1.02% return over the same period."
"The cost of production of clean technologies is likely to continue to fall, and the demand for them due to public policy and changing people's preferences will grow. Many green manufacturers have almost reached parity with traditional energy companies in relation to price and ease of use of their product,"- says Irena Asmundson, senior economist at the California State Department of Finance.
"In the long term, electricity generators will have to work on both (traditional and clean energy), - admitted Francesco Starace, Italian head of the Enel Group. – A generator without clean energy will no longer be possible."
source: bloomberg.com
