Home / TECHNOLOGY / Shell invests in Nashville solar firm, but it’s no reduction an oil company

Shell invests in Nashville solar firm, but it’s no reduction an oil company

On Monday, Royal Dutch Shell announced that it is going to acquire a 43.86-percent interest in a Nashville-based solar plant company called Silicon Ranch Corporation. The understanding could cost up to $217 million, according to Reuters.

The Netherlands-based oil and gas company is one of the biggest companies in the world, and, by its own account, it available income of $233.6 billion in 2016 and $4.8 billion in net income. The $217 million it has set aside for a US-based solar investment is a tiny fragment of that, but it does simulate some eagerness to acknowledge a future, however distant out, in which oil and gas may not browbeat appetite and travel sectors.

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