Big oil sets sights

Shell, Total or BP might be on the hunt for renewable energy capacity in the not too distant future.

"Well, it is pretty clear to everyone that energy markets are transitioning – to both renewables and storage, and to a distributed rather than centralised system.

Australia is at the forefront of this – despite the wishes of many in the conservative government and commentariat – thanks to its extraordinary wind and solar resources, the absurdly high price of grid power, not to mention the huge momentum in states like South Australia, which is charging (figuratively and quite literally) towards a super-high penetration of renewables.

The big energy players in the world don’t want to miss out, and are demanding a ring-side seat, as well as seeing the opportunities to steal the advantage from slow moving incumbents more focused on protecting their sunk investments than embracing new technologies."

http://reneweconomy.com.au/big-oil-sets-sights-australias-transitioning-energy-market-75106/