El Hierro is a tiny rugged Canary island that has gone all out to produce all its electricity from renewables.
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BP returned to solar in 2017 with a $200 million investment in U.K. solar generator Lightsource and dipped a toe into U.K. electricity retail by buying a 25 percent stake in Pure Planet, a small challenger brand supplying some 100,000 customers with renewable electricity.Eni says it is now Italy's second-largest electricity producer with six power plants, large electricity trading business and 2 million customers.Shell says that it wants to become the biggest electricity provider and over the past year has made a number of investments including a Brazilian gas-fired power plant and a U.K. utility.Eneco is valued at around 3 billion euros and has 2.2 million customers and Shell's Gainsborough said it could provide a template for a power business model.Shell and Equinor plan to put between 5 and 6 percent of their capex investments into clean energy technologies, while Eni is targeting around 4 percent and Total and BP plan about 3 percent each, CDP research showed.
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