Investments in alternative energy – a well-established trend
Global energy corporations increasingly invest in green sources, while construction companies are developing innovative projects of underwater tunnels. The latest news from these areas – the decision of Shell, the leader of the global oil and gas market, to increase investment in alternative energy and the approved plan Femern A/S to build a tunnel under the bay, which will reduce the road between Copenhagen and Hamburg up to 1 hour.
Shell’s global alternative energy plans
At the end of December 2018, Maarten Vetsalaar, responsible for the search for new types of energy in Shell, announced that the concern had doubled the volume of investments in alternative energy. If in 2016 the company spent 400 million dollars in this niche, then in 2019 and 2020 it is planned to increase up to 1 and 2 billion. In total, over the next years, the company will invest in the direction of more than $ 25 billion. it is not implausible that if positive results are achieved, shareholders will decide to increase this already significant amount.
This policy is a consequence of Shell’s past success in this area. Now the corporation is the leader in green energy investments in its market. The main objects of waste are solar power stations and infrastructure for electric cars. As a confirmation of their ambitions, in 2017, the concern acquired one of the leading UK electric grid companies, First Utility.
According to Shell forecasts, by 2050, 75% of the total mass of energy consumption will be satisfied from traditional sources (oil and gas) and atomic energy.
The construction company will build a tunnel to reduce communication between Denmark and Germany.
Soon, from the capital of Denmark to one of the main cities of Germany, it will be possible to get many times faster. Instead of the usual 5 o’clock, the road takes just 1 hour. This time optimization will be possible due to the underwater tunnel, which will be laid under the Ferman-Belt Strait. The Ministry of Transport of the German state of Schleswig-Holstein issued the building permit. Construction Company Femern A / S from Denmark will implement the project.
The tunnel will connect the Danish and German islands of Lolland and Fehmarn respectively. Also inside it will build a highway and a railway. The total length of the object scheduled for delivery in 2024 will be 19 km.
The part of the money for the project will provide loans received under the guarantee of the Government of Denmark. In addition, funds for the tunnel will allocate the European Union.
