Portugal's oil company Galp invests for a greener future
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LISBON (Reuters) - Portuguese oil company Galp Energia said on Tuesday it will kick off its green business by installing renewable energy capacity of 10 gigawatts in the decade ahead. Galp, which last month bought solar power projects from Spain's ACS for 2.2 billion euros (£1.8 billion), hopes to install 3.3 gigawatts of solar energy in Portugal and Spain alone by 2023, generating more than 10% in equity returns. Fossil fuel companies are racing to adapt to investor-demands for more..