Statoil thirsty for renewable investments as oil improves

The oil major is in a committed relationship with offshore wind turbines but might soon embark on an extracurricular love affair with solar panels, states the company after presenting a first quarter interim report full of success stories.

Photo: Mainstream Renewable Power

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German wind prices rise by one fifth

After dramatic price declines and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

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