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Statoil makes first investment in solar tech

Dec. 06, 2016 9:15 AM ETEquinor ASA (EQNR) StockEQNRBy: Carl Surran, SA News Editor5 Comments
  • Statoil (STO) announces its first investment in solar power technology, as it steps up efforts to gradually complement its petroleum portfolio with renewable assets.
  • Oxford PV, a solar tech company, says in a separate statement that it received investments totaling £8.1M ($10.33M) from three investors including Statoil.
  • The head of STO's New Energy Solutions unit says the company will consider making bigger investments in solar projects or farms.

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