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Qatar invests $125M in energy storage company Fluence

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Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

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3 Oil Majors That Bet Big On Renewables

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For instance, Total has lined up an 800 megawatt (MW) solar project in Qatar where it will own a 49% stake in the project when it is completed in 2021. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

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