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
Photo: Mainstream Renewable Power

While the oil business continues to show signs of improvement for Norway's Statoil, the company's renewable energy division also seems headed for growth, reported several media ahead of the Q1 report's release this Thursday.

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