Oil and gas companies Brazilian-based Total Eren, French-based Total and renewable energy unit Petrobras have signed a memorandum of understanding (MoU) to examine investment and business development opportunities in onshore wind and solar energy. The partnership follows a strategic partnership between Total Eren and Total in February 2017, when the Brazilian company sold more than $2bn oil and thermal power assets to Total, said unnamed sources. The announcement comes as many oil firms invest in clean energy, such as Repsol, Eni, Shell and Total. Total Eren owns and operates more than 6.8 GW of power assets.
Oil and gas companies Brazilian-based Petrobras, French-based Total and renewable energy unit Total Eren have signed a memorandum of understanding (MoU) to examine investment and business development opportunities in onshore wind and solar energy. The partnership follows a strategic partnership between Petrobras and Total in February 2017, when the Brazilian company sold more than $2bn oil and thermal power assets to Total, said unnamed sources. The announcement comes as many oil firms invest in clean energy, such as Repsol, Eni, Shell and Total. Petrobras owns and operates more than 6.8 GW of power assets.