Global Oil Plows Billions Into Solar & Energy Storage
Clean Technica | February 27, 2019
Global oil companies are plowing billions of dollars per year into solar and into energy storage, as more nations seek to switch their energy sources away from fossil fuels. In only 5 out of 15 acquisition deals done in solar over the past two years, over $8 billion was spent, according to an analysis by Mercom Capital Group. Similarly, out of 7 funding deals by oil companies over the past two years, more than $240 million was provided to solar companies, Mercom calculates.