The role Total is taking in these projects varies, but it's usually a developer and owner of the renewable energy assets long term. He was Head of the UN System Chief Executives Board for Coordination (CEB) Secretariat. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Oil Companies That Are Becoming Renewable Energy Stocks @themotleyfool #stocks $VLO $CLNE $TOT $SPWR $DAR, Travis Hoium, Jason Hall, and Howard Smith, Clean Energy Fuels is an overlooked leader, Get Paid While You Wait: 3 Top Dividend Stocks in Energy, Valero Energy (VLO) Q2 2020 Earnings Call Transcript, Danger Lurks for These 2 High-Yield Dividend Stocks, Why These 3 Oil Refinery Stocks Jumped More Than 30% in April, Copyright, Trademark and Patent Information. But its stake in the largest renewable diesel plant in North America has the refiner moving into the fast-growing renewable energy sector. It is the first international organisation to focus exclusively on renewable energy, addressing needs in both industrialised and developing countries. Apple followed up in September with solar panels on the roof of a soy sauce factory, using RECs to offset the power from its flagship Taipei storefront. After years of struggling with debt and high operating expenses, Clean Energy is now lean, debt free, and cash-flow positive, generating almost $50 million in operating cash in the first half of 2020. The founding of IRENA sent out a very strong signal to the world community that renewable energy will have to play and will play a key role in the future energy supply all over the world. First , are exploring the range of strategies that international oil and gas companies are deploying to invest in renewable energy technologies and conclude, based on general descriptive analysis, that mixed success can be … “They’re very much pushing the envelope to allow for more renewables on the grid.”. Press Releases. [7], On 15 June, at their annual event, the WWEA gave their 2010 World Wind Energy Award to the Founding member States of IRENA. REI also strives to be at the forefront of renewable energy projects that are easily replicated or executed by more companies and communities. Under current policy, eligibility for the Production Tax Credit (PTC) for new wind build expires and the solar Investment Tax Credit (ITC) step down starts in 2020, both of which have been key drivers for wind and solar growth in the US renewable energy … It is in the midst of an engineering and cost review for a new renewable diesel plant at its current Port Arthur, Texas refining facility. Howard Smith (Valero Energy): Valero Energy, one of the world's largest independent oil refiners, isn't normally thought of as a renewable energy company. [29] He was elected to the post in April 2011 and completed a second term that ended 3 April 2019. The analysis also demonstrates the strong linkage between the oil majors’ proved oil reserves and their renewable energy strategies.