In recent years, with the increasingly prominent environmental problems, promoting the development of energy consumption towards low carbonization and cleanliness has become an important global consensus. In order to promote the adjustment of energy consumption structure, countries have increased their policy support, which has enabled the global new energy industry to achieve rapid development, and the installed capacity has been rising. At the same time, the technology cost has also dropped rapidly, and the return on investment has steadily increased. In 2015, despite the adverse impact of the sharp fall in fossil fuel prices, global new energy investment has surpassed fossil fuel investment for the first time. It can be seen that the diversification trend of energy supply has not been weakened by low oil prices, but has continued to strengthen. BP, Shell, Chevron and other international oil giants have invested in new energy since the 1990s, but since 2009, the international oil prices have continued to rise and profitable, the oil giants have reduced their investment in new energy, or exited New energy business. Since June 2014, the international oil price has plummeted and continued to slump, which has brought a heavy blow to the world oil industry. The world oil giants have not been spared and their operations are in trouble. Energy experts predict that due to the adverse effects of supply and demand fundamentals, oil prices may be low for a long time. In order to cultivate new performance growth points and enhance the company's ability to resist risks, international oil giants actively adjusted their business development strategies and re-planned new energy layouts.
Shell
Shell has entered the new energy field since 1999, and the new energy business once developed into the fifth largest core business of Shell.
In the field of wind energy, Shell has several wind farms in the United States, the Netherlands and other countries, with wind power generating more than 500 megawatts per year. In 2008, Shell ranked in the top five in the global wind power enterprise rankings. Shell is currently building two wind farms on the Dutch coast to fully meet the electricity needs of 825,000 ordinary homes.
In the field of solar energy, Shell established a joint venture with Siemens in 2001 to create “Siemens Shell Solar Co., Ltd.â€, becoming the world's fourth largest solar company. The CIS thin-film battery developed by the company once occupied a global market share of about 17% in the field of solar power generation. However, with the large-scale expansion of global professional solar energy companies, Shell's advantages in solar technology and cost are declining, and the return on investment exceeds expectations. The rapid decline, so Shell sold all of its solar crystalline silicon battery business to SolarWorld in 2006 and sold most of its solar business in 2007.
In the field of hydrogen energy, Shell has established a joint venture with French Air Liquide, Linde, automakers Daimler, Total, and Austrian Petroleum, and plans to build 390 hydrogen retail sites by 2023. 230 sites use the Shell brand. At present, Shell operates three hydrogen stations in Germany and the United States, and another four hydrogen stations will be completed this year.
In the field of biofuels, Shell is currently developing second-generation biofuel technology that uses biomass waste to produce fuel. The technology is feasible but the economic cost is high. With the advancement of technology, it is expected to achieve large-scale commercial production in the future. In addition, Shell and Cosan invested billions of dollars in joint ventures to establish biofuel company Raizen. The company has 24 plants that process 62 million tons of sugar cane into sugar or ethanol each year, producing more than 2 billion liters of bioethanol and more than 20 billion liters of other industrial and transportation fuels. Raizen has grown to become the third largest biofuel company in Brazil.
At the end of May 2016, Shell established a new division by integrating its existing biofuels, hydrogen, and wind energy businesses, and together with the natural gas business, it was classified as a natural gas and new energy integration division. The division will focus on three areas in the future: new fuels, natural gas and new energy generation, and energy end-user solutions through digital and Internet services. The new fuels include biofuels, hydrogen energy and energy storage businesses, and will focus on integrated solutions for natural gas power generation and new energy power generation in the power generation sector. The planned investment of 1.7 billion US dollars, of which annual research and development budget of 200 million US dollars, which accounts for 1 / 5 of Shell's annual research and development budget of 1 billion US dollars, which shows Shell's emphasis on new energy technologies. Maarten Wetselaar, president of Shell's Natural Gas and New Energy Division, said: "Shell's re-layout of the new energy business is a well-thought-out strategic decision that is now at a better time than the first time it was involved in new energy investments 15 years ago."
BP
In 2000, BP President John Brown proposed the strategic concept of Beyond Petroleum. In 2005, BP officially established a new energy business unit, and plans to invest 8 billion US dollars in new energy fields with a focus on wind, solar and biofuels within 10 years. Then BP launched a series of specific actions to achieve this goal.
In the field of wind energy, in July 2006, it acquired 50% of the wind energy business of Charlottesville Wind Energy. In August 2006, it acquired Greenlight Energy, a US wind power developer. The company has 39 large-scale wind energy projects in the United States with a potential for wind power generation of 6.5 GW. In 2008, he co-developed wind energy projects with companies such as Colorado Public Service, Edison and Xixing Energy. In 2012, he cooperated with Sempra Corporation of the United States to develop the Hawaiian Auwa hi wind farm. In the same year, he reached an agreement with the American Clipper Wind Energy Company to jointly develop five wind energy projects.
In the field of solar energy, in fact, BP began to participate in the research and development of solar power systems in the 1980s, and has manufacturing plants in the United States, Spain, India and Australia. After that, it has continued to expand and increase production, and gradually developed in 2005. Become one of the world's largest solar energy companies, accounting for 10% of the global solar market share.
In the field of hydrogen energy, BP has carried out research on hydrogen energy technology since the 1990s, and has participated in numerous hydrogen energy demonstration projects around the world. BP is the energy partner of two of the world's largest hydrogen demonstration projects in Europe and the United States. Participated in the construction of China's first hydrogen refueling station.
In the biofuels sector, BP acquired a 50% stake in Brazilian Tropical Bioenergy in 2008 for $598 million. In 2009, it invested $500 million to build a biofuels development center in California. In 2010, it acquired US biology for nearly $100 million. The biofuels business of fuel technology company Verenium Corp acquired the 50% of the assets of the Brazilian ethanol producer Cerradinho Group for $466 million in the same year. In 2011, it acquired an 83% stake in Companhia Nacio nal de Acucare Alcoo (l CNAA), a Brazilian fuel ethanol producer, for US$680 million. In addition, BP has established a biofuels joint venture with DuPont, Butamax, which developed the first plug-in biofuel (butanol) gasoline to address key issues in biofuel compatibility for vehicles and infrastructure. As of the end of 2013, BP's business scope expanded to wind power, solar energy, carbon capture and storage, bioethanol, etc., and completed the investment target of 8 billion US dollars ahead of schedule.
BP is one of the deepest and most extensive companies involved in many new energy giants. Although its return on investment in new energy business has been inferior to that of oil and gas business, BP has always maintained a certain amount of new energy investment. However, since 2005, with the expansion of global PV companies and the poor management of BP, BP has gradually lost its leading position in the field of solar photovoltaics, especially in the second half of 2008, due to the financial crisis, the global photovoltaic power generation market In contrast, international oil prices have risen from the beginning of 2009 to June 2014, and the return on investment in oil and gas business far exceeds its solar business. Therefore, BP has shut down its solar plants since 2009. Since 2010, due to the impact of the US oil spills, it has faced greater financial pressure, so it has reduced the scale of investment in wind power business, and announced the full exit of solar energy at the end of 2011.
BP's exit from solar energy and the reduction of wind power investment scale are largely due to strategic adjustments made by financial pressure. At present, BP has made biofuels the main development direction of the company in terms of new energy. BP's three plants in Brazil have been expanded to produce 795 million liters of ethanol equivalent in 2015 and 677 GWh of electricity from sugarcane waste. BP also has 16 wind farms in nine states in the United States and two power plants in the Netherlands with a total generating capacity of approximately 2,650 megawatts, which is sufficient to meet the electricity needs of 780,000 American homes.
Total
In the solar field, Total, after evaluating more than 200 companies, acquired a 66% stake in Sunpower, the world's second-largest solar panel manufacturer, in 2011. The company is one of the largest solar panel manufacturers and photovoltaic power plant investment companies in the United States. It is also the EPC contractor and technology provider of the Silicon Valley Solar Farm in California, the world's largest solar power plant. Sunpower achieved a net profit of $246 million in 2014 and has become a pillar of Total's performance. In December 2012, Total and Tianjin Central, Inner Mongolia Electric Power, and Hohhot Jinqiao Urban Construction Co., Ltd. established a joint venture company, Huaxia Concentration, to lay out the most downstream solar power project in the photovoltaic industry in China.
In the field of energy storage batteries, in 2009, Total signed a five-year, $4 million cooperation agreement with the Massachusetts Institute of Technology, with the goal of producing an efficient, low-cost, long-life battery. On May 9, 2016, Total acquired the high-tech battery manufacturer Saft for 950 million euros, with a purchase price of 36.50 euros per share and a premium of 38%. Saft is the world's leading designer, manufacturer and manufacturer of high-tech industrial, defense, military and aerospace applications, particularly in the field of nickel-cadmium batteries, high-performance disposable lithium batteries, lithium-ion battery systems, lithium-ion satellite batteries, etc. With a global leadership position, the company has more than 4,000 employees in 19 countries around the world. The deal has not yet been finalized by shareholders and financial regulators.
In the biofuels sector, Total is Europe's leading biofuels producer. The company's biofuels development began in 1992, and Total developed two first-generation biofuels: ethyl tert-butyl produced from ethanol. Ether (ETBE) and vegetable oil methyl ester (VOME). The company owns or co-owns seven ETBE production units in Belgium, Germany, France and Spain. The Total refinery in France, Germany and Italy has transferred VOME to diesel. To meet the EU's targets, Total is currently developing second-generation biofuels, for example, in collaboration with Neste Petroleum, which is verifying the feasibility of producing synthetic biodiesel (NExBTL). In 2011, Total acquired an 18.5% stake in Amyris, USA, and partnered with Amyris in Sao Paulo, Brazil to build a Brotas biofactory to lay out large-scale production of biofuel products. In April 2015, Total announced that it would invest 200 million euros (about 223 million US dollars) to convert the La Mede refinery into the first biofuel plant in France. In April 2015, Total opened a Bio-Process Platform in California to develop fermentation processes and biomolecular purification technologies.
At present, Total has three core business units; refineries & chemicals, marketing and services, exploration and production, Total will reorganize existing natural gas, new energy, electricity and other businesses and set it as the company's The fourth core business unit plans to invest $50 billion. Despite the repeated cuts in planned spending due to low oil prices, Total still plans to invest $500 million a year in the new energy sector and plans to increase its new energy market share to 15% to 20% by 2035, and solar energy business. The scale of the world's top three shows the ambition of Total in the field of new energy.
Exxon Mobil
ExxonMobil's investments in new energy are focused on biofuels and carbon capture storage. The company is a global leader in biofuel research and is actively working with new energy groups REG, Michigan State University, and the University of Wisconsin-Madison to develop biofuels.
Since 2012, ExxonMobil has partnered with Fuel Cell Energy to study how carbon capture technology can be used to collect carbon dioxide from power plants and then use carbon dioxide to generate electricity. ExxonMobil announced in May 2016 that it will strengthen its partnership with FCE to accelerate the development of carbon capture technology. FCE mainly develops natural gas fuel cells, which converts the chemical energy of natural gas directly into electric energy by means of fuel cells, and can completely collect carbon without generating carbon emissions during the conversion process. At present, this technology is already in a small-scale application stage.
Chevron Chevron is the world's largest geothermal producer. Since the 1960s, Chevron has been involved in the geothermal power industry. With the geothermal production projects in the Philippines and Java, Indonesia, Chevron has become a global leader in geothermal development.
From 2005 to 2013, Chevron once promoted “new energy for making money†as the core content of the company's business plan, and changed the company's slogan to “find and supply new energy for the worldâ€.
According to statistics, during the period from 2002 to 2007, Chevron invested all of the company's $72 billion in profits into the new energy market. Chevron also said in 2010's We Agree propaganda plan that “oil companies are now supporting the development of new energy sourcesâ€. Although Chevron made some research progress in the field of solar photovoltaic in 2010, due to the rising oil price and the high return on investment of oil and gas projects, the company's top management did not really make up their mind to develop new energy, and the oil price was high in 2014. At the time, it sold its new energy company.
Saudi Ami
New energy is a key energy project that the Saudi government is working on. In 2009, Saudi Aramco signed an agreement with Japan's Showa Shell Oil Co., Ltd. to jointly develop solar power. At present, with the full promotion of the Saudi Prince Turki, Saudi Aramco is building a large-scale solar panel factory in Riyadh, Saudi Arabia, and a large number of polysilicon production lines will be put into production. Saudi Aramco is embarking on the world's largest investment in solar energy, and in 2016 it will launch 10 solar projects together with Saudi Arabia's main power generation company, the Saudi Power Plan.
Norwegian oil company Norwegian National Oil Company established a new energy solutions division in 2015, with offshore wind and carbon capture storage technologies as key investment targets. In February 2016, Norwegian National Oil established a large-scale new energy industry investment fund. Norwegian national oil chief executive Eldar Saetre said: "New energy technology research and development will be an important investment direction for the company in the future. In the next 4 to 7 years, it will invest 200 million US dollars to develop new energy."
At present, Norwegian National Oil has officially laid out wind energy. The company owns 40% of the offshore wind farm of the Sheringham Shoal in the UK (Norwegian State Power Company, UK Green Investment Bank owns 40% and 20% respectively), and the installed capacity of the wind farm reaches 317. MW, which provides enough power for about 220,000 homes per year. Norwegian National Oil has a 35% stake in the Dudgeon Wind Farm project (Masdar and Norwegian State Power have 35% and 30% respectively). The project will be fully operational in 2017 and is expected to produce 1.7 TWh per year. In addition, Norwegian National Oil is one of the partners of the Forewind consortium, which owns the Yorkshire Doge Beach wind farm on the east coast of Norway, which currently has an installed capacity of 4.8 GW and plans to expand its installed capacity to 7.2 GW by 2020. Tile, this can almost meet the UK's 8% power demand in the future.
According to the latest report, Norwegian National Oil has obtained permission from the British government to rent a seabed outside the east coast of Scotland, where it will build the "world's largest" floating wind power station, and will be the Icelandic Hywind floating offshore wind power plan in 2018. A lithium battery energy storage system with 1000 kWh of electrical energy storage capacity. Norwegian National Oil is also working with EON on a 385 MW offshore wind project that will provide electricity to 400,000 homes in Germany. The project has a total investment of 1.2 billion euros and is expected to be operational in 2017.
Shell
Shell has entered the new energy field since 1999, and the new energy business once developed into the fifth largest core business of Shell.
In the field of wind energy, Shell has several wind farms in the United States, the Netherlands and other countries, with wind power generating more than 500 megawatts per year. In 2008, Shell ranked in the top five in the global wind power enterprise rankings. Shell is currently building two wind farms on the Dutch coast to fully meet the electricity needs of 825,000 ordinary homes.
In the field of solar energy, Shell established a joint venture with Siemens in 2001 to create “Siemens Shell Solar Co., Ltd.â€, becoming the world's fourth largest solar company. The CIS thin-film battery developed by the company once occupied a global market share of about 17% in the field of solar power generation. However, with the large-scale expansion of global professional solar energy companies, Shell's advantages in solar technology and cost are declining, and the return on investment exceeds expectations. The rapid decline, so Shell sold all of its solar crystalline silicon battery business to SolarWorld in 2006 and sold most of its solar business in 2007.
In the field of hydrogen energy, Shell has established a joint venture with French Air Liquide, Linde, automakers Daimler, Total, and Austrian Petroleum, and plans to build 390 hydrogen retail sites by 2023. 230 sites use the Shell brand. At present, Shell operates three hydrogen stations in Germany and the United States, and another four hydrogen stations will be completed this year.
In the field of biofuels, Shell is currently developing second-generation biofuel technology that uses biomass waste to produce fuel. The technology is feasible but the economic cost is high. With the advancement of technology, it is expected to achieve large-scale commercial production in the future. In addition, Shell and Cosan invested billions of dollars in joint ventures to establish biofuel company Raizen. The company has 24 plants that process 62 million tons of sugar cane into sugar or ethanol each year, producing more than 2 billion liters of bioethanol and more than 20 billion liters of other industrial and transportation fuels. Raizen has grown to become the third largest biofuel company in Brazil.
At the end of May 2016, Shell established a new division by integrating its existing biofuels, hydrogen, and wind energy businesses, and together with the natural gas business, it was classified as a natural gas and new energy integration division. The division will focus on three areas in the future: new fuels, natural gas and new energy generation, and energy end-user solutions through digital and Internet services. The new fuels include biofuels, hydrogen energy and energy storage businesses, and will focus on integrated solutions for natural gas power generation and new energy power generation in the power generation sector. The planned investment of 1.7 billion US dollars, of which annual research and development budget of 200 million US dollars, which accounts for 1 / 5 of Shell's annual research and development budget of 1 billion US dollars, which shows Shell's emphasis on new energy technologies. Maarten Wetselaar, president of Shell's Natural Gas and New Energy Division, said: "Shell's re-layout of the new energy business is a well-thought-out strategic decision that is now at a better time than the first time it was involved in new energy investments 15 years ago."
BP
In 2000, BP President John Brown proposed the strategic concept of Beyond Petroleum. In 2005, BP officially established a new energy business unit, and plans to invest 8 billion US dollars in new energy fields with a focus on wind, solar and biofuels within 10 years. Then BP launched a series of specific actions to achieve this goal.
In the field of wind energy, in July 2006, it acquired 50% of the wind energy business of Charlottesville Wind Energy. In August 2006, it acquired Greenlight Energy, a US wind power developer. The company has 39 large-scale wind energy projects in the United States with a potential for wind power generation of 6.5 GW. In 2008, he co-developed wind energy projects with companies such as Colorado Public Service, Edison and Xixing Energy. In 2012, he cooperated with Sempra Corporation of the United States to develop the Hawaiian Auwa hi wind farm. In the same year, he reached an agreement with the American Clipper Wind Energy Company to jointly develop five wind energy projects.
In the field of solar energy, in fact, BP began to participate in the research and development of solar power systems in the 1980s, and has manufacturing plants in the United States, Spain, India and Australia. After that, it has continued to expand and increase production, and gradually developed in 2005. Become one of the world's largest solar energy companies, accounting for 10% of the global solar market share.
In the field of hydrogen energy, BP has carried out research on hydrogen energy technology since the 1990s, and has participated in numerous hydrogen energy demonstration projects around the world. BP is the energy partner of two of the world's largest hydrogen demonstration projects in Europe and the United States. Participated in the construction of China's first hydrogen refueling station.
In the biofuels sector, BP acquired a 50% stake in Brazilian Tropical Bioenergy in 2008 for $598 million. In 2009, it invested $500 million to build a biofuels development center in California. In 2010, it acquired US biology for nearly $100 million. The biofuels business of fuel technology company Verenium Corp acquired the 50% of the assets of the Brazilian ethanol producer Cerradinho Group for $466 million in the same year. In 2011, it acquired an 83% stake in Companhia Nacio nal de Acucare Alcoo (l CNAA), a Brazilian fuel ethanol producer, for US$680 million. In addition, BP has established a biofuels joint venture with DuPont, Butamax, which developed the first plug-in biofuel (butanol) gasoline to address key issues in biofuel compatibility for vehicles and infrastructure. As of the end of 2013, BP's business scope expanded to wind power, solar energy, carbon capture and storage, bioethanol, etc., and completed the investment target of 8 billion US dollars ahead of schedule.
BP is one of the deepest and most extensive companies involved in many new energy giants. Although its return on investment in new energy business has been inferior to that of oil and gas business, BP has always maintained a certain amount of new energy investment. However, since 2005, with the expansion of global PV companies and the poor management of BP, BP has gradually lost its leading position in the field of solar photovoltaics, especially in the second half of 2008, due to the financial crisis, the global photovoltaic power generation market In contrast, international oil prices have risen from the beginning of 2009 to June 2014, and the return on investment in oil and gas business far exceeds its solar business. Therefore, BP has shut down its solar plants since 2009. Since 2010, due to the impact of the US oil spills, it has faced greater financial pressure, so it has reduced the scale of investment in wind power business, and announced the full exit of solar energy at the end of 2011.
BP's exit from solar energy and the reduction of wind power investment scale are largely due to strategic adjustments made by financial pressure. At present, BP has made biofuels the main development direction of the company in terms of new energy. BP's three plants in Brazil have been expanded to produce 795 million liters of ethanol equivalent in 2015 and 677 GWh of electricity from sugarcane waste. BP also has 16 wind farms in nine states in the United States and two power plants in the Netherlands with a total generating capacity of approximately 2,650 megawatts, which is sufficient to meet the electricity needs of 780,000 American homes.
Total
In the solar field, Total, after evaluating more than 200 companies, acquired a 66% stake in Sunpower, the world's second-largest solar panel manufacturer, in 2011. The company is one of the largest solar panel manufacturers and photovoltaic power plant investment companies in the United States. It is also the EPC contractor and technology provider of the Silicon Valley Solar Farm in California, the world's largest solar power plant. Sunpower achieved a net profit of $246 million in 2014 and has become a pillar of Total's performance. In December 2012, Total and Tianjin Central, Inner Mongolia Electric Power, and Hohhot Jinqiao Urban Construction Co., Ltd. established a joint venture company, Huaxia Concentration, to lay out the most downstream solar power project in the photovoltaic industry in China.
In the field of energy storage batteries, in 2009, Total signed a five-year, $4 million cooperation agreement with the Massachusetts Institute of Technology, with the goal of producing an efficient, low-cost, long-life battery. On May 9, 2016, Total acquired the high-tech battery manufacturer Saft for 950 million euros, with a purchase price of 36.50 euros per share and a premium of 38%. Saft is the world's leading designer, manufacturer and manufacturer of high-tech industrial, defense, military and aerospace applications, particularly in the field of nickel-cadmium batteries, high-performance disposable lithium batteries, lithium-ion battery systems, lithium-ion satellite batteries, etc. With a global leadership position, the company has more than 4,000 employees in 19 countries around the world. The deal has not yet been finalized by shareholders and financial regulators.
In the biofuels sector, Total is Europe's leading biofuels producer. The company's biofuels development began in 1992, and Total developed two first-generation biofuels: ethyl tert-butyl produced from ethanol. Ether (ETBE) and vegetable oil methyl ester (VOME). The company owns or co-owns seven ETBE production units in Belgium, Germany, France and Spain. The Total refinery in France, Germany and Italy has transferred VOME to diesel. To meet the EU's targets, Total is currently developing second-generation biofuels, for example, in collaboration with Neste Petroleum, which is verifying the feasibility of producing synthetic biodiesel (NExBTL). In 2011, Total acquired an 18.5% stake in Amyris, USA, and partnered with Amyris in Sao Paulo, Brazil to build a Brotas biofactory to lay out large-scale production of biofuel products. In April 2015, Total announced that it would invest 200 million euros (about 223 million US dollars) to convert the La Mede refinery into the first biofuel plant in France. In April 2015, Total opened a Bio-Process Platform in California to develop fermentation processes and biomolecular purification technologies.
At present, Total has three core business units; refineries & chemicals, marketing and services, exploration and production, Total will reorganize existing natural gas, new energy, electricity and other businesses and set it as the company's The fourth core business unit plans to invest $50 billion. Despite the repeated cuts in planned spending due to low oil prices, Total still plans to invest $500 million a year in the new energy sector and plans to increase its new energy market share to 15% to 20% by 2035, and solar energy business. The scale of the world's top three shows the ambition of Total in the field of new energy.
Exxon Mobil
ExxonMobil's investments in new energy are focused on biofuels and carbon capture storage. The company is a global leader in biofuel research and is actively working with new energy groups REG, Michigan State University, and the University of Wisconsin-Madison to develop biofuels.
Since 2012, ExxonMobil has partnered with Fuel Cell Energy to study how carbon capture technology can be used to collect carbon dioxide from power plants and then use carbon dioxide to generate electricity. ExxonMobil announced in May 2016 that it will strengthen its partnership with FCE to accelerate the development of carbon capture technology. FCE mainly develops natural gas fuel cells, which converts the chemical energy of natural gas directly into electric energy by means of fuel cells, and can completely collect carbon without generating carbon emissions during the conversion process. At present, this technology is already in a small-scale application stage.
Chevron Chevron is the world's largest geothermal producer. Since the 1960s, Chevron has been involved in the geothermal power industry. With the geothermal production projects in the Philippines and Java, Indonesia, Chevron has become a global leader in geothermal development.
From 2005 to 2013, Chevron once promoted “new energy for making money†as the core content of the company's business plan, and changed the company's slogan to “find and supply new energy for the worldâ€.
According to statistics, during the period from 2002 to 2007, Chevron invested all of the company's $72 billion in profits into the new energy market. Chevron also said in 2010's We Agree propaganda plan that “oil companies are now supporting the development of new energy sourcesâ€. Although Chevron made some research progress in the field of solar photovoltaic in 2010, due to the rising oil price and the high return on investment of oil and gas projects, the company's top management did not really make up their mind to develop new energy, and the oil price was high in 2014. At the time, it sold its new energy company.
Saudi Ami
New energy is a key energy project that the Saudi government is working on. In 2009, Saudi Aramco signed an agreement with Japan's Showa Shell Oil Co., Ltd. to jointly develop solar power. At present, with the full promotion of the Saudi Prince Turki, Saudi Aramco is building a large-scale solar panel factory in Riyadh, Saudi Arabia, and a large number of polysilicon production lines will be put into production. Saudi Aramco is embarking on the world's largest investment in solar energy, and in 2016 it will launch 10 solar projects together with Saudi Arabia's main power generation company, the Saudi Power Plan.
Norwegian oil company Norwegian National Oil Company established a new energy solutions division in 2015, with offshore wind and carbon capture storage technologies as key investment targets. In February 2016, Norwegian National Oil established a large-scale new energy industry investment fund. Norwegian national oil chief executive Eldar Saetre said: "New energy technology research and development will be an important investment direction for the company in the future. In the next 4 to 7 years, it will invest 200 million US dollars to develop new energy."
At present, Norwegian National Oil has officially laid out wind energy. The company owns 40% of the offshore wind farm of the Sheringham Shoal in the UK (Norwegian State Power Company, UK Green Investment Bank owns 40% and 20% respectively), and the installed capacity of the wind farm reaches 317. MW, which provides enough power for about 220,000 homes per year. Norwegian National Oil has a 35% stake in the Dudgeon Wind Farm project (Masdar and Norwegian State Power have 35% and 30% respectively). The project will be fully operational in 2017 and is expected to produce 1.7 TWh per year. In addition, Norwegian National Oil is one of the partners of the Forewind consortium, which owns the Yorkshire Doge Beach wind farm on the east coast of Norway, which currently has an installed capacity of 4.8 GW and plans to expand its installed capacity to 7.2 GW by 2020. Tile, this can almost meet the UK's 8% power demand in the future.
According to the latest report, Norwegian National Oil has obtained permission from the British government to rent a seabed outside the east coast of Scotland, where it will build the "world's largest" floating wind power station, and will be the Icelandic Hywind floating offshore wind power plan in 2018. A lithium battery energy storage system with 1000 kWh of electrical energy storage capacity. Norwegian National Oil is also working with EON on a 385 MW offshore wind project that will provide electricity to 400,000 homes in Germany. The project has a total investment of 1.2 billion euros and is expected to be operational in 2017.
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