3. 1. BP
In 2003, BP changed its acronym meaning from
“British Petroleum” to “Beyond Petroleum.”
Over the next decade, BP built out its wind
portfolio to 16 farms in nine states, with a total
2,600 MW of generating capacity.
4. 1. BP
But BP’s wind investments aren’t going
anywhere.
The company has backpedaled on its “Beyond
Petroleum” idea, and tried (unsuccessfully) to
sell off all its wind assets in 2013.
6. 2. Royal Dutch Shell
Shell has eight wind farms in North America and one
offshore wind project in the Netherlands, with a
total 500 MW of generating capacity.
Its offshore project represents some harnessing of its
experience with oil and gas platforms.
The company notes that each of the 36 turbines is
designed to “withstand North Sea conditions” and is
protected from corrosion for 20 years.
7. 2. Royal Dutch Shell
But in its latest strategic report, Shell notes that
“While we expect renewables such as wind … to
play an increase role, oil and gas will be vital to
meet the considerable expected increase in
energy demand.”
Don’t expect any windy windfalls anytime soon.
9. 3. Statoil
Fact: Statoil is one of the largest oil companies in
the world.
Truth: Statoil is making more strategic and
progressive investments in wind than any other oil
company out there.
10. 3. Statoil
While Statoil lays claim to just 900 MW of
planned, under construction, or operating wind
power, it’s doing it strategically.
All its farms are offshore, an area where,
according to Statoil’s latest annual report, “[we]
have a competitive edge as a result of [our]
offshore oil and gas expertise.”
11. 3. Statoil
Statoil also notes that “[our] ambition is to play an active
role in reducing costs and making offshore wind profitable,
ultimately without government subsidies or support.”
It’s even building the world’s first ever floating offshore
wind farm, investing $230 million to expand its wind
energy opportunities.
For investors looking for oil stocks with progressive
alternative energy outlooks, Statoil wins for wind energy.
12. The next billion-dollar iSecret
The world's biggest tech company forgot to show you something
at its recent event, but a few Wall Street analysts and the Fool
didn't miss a beat: There's a small company that's powering their
brand-new gadgets and the coming revolution in technology.
And we think its stock price has nearly unlimited room to run for
early-in-the-know investors! To be one of them, just click here.