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STOHF - Total: Renewables Is An Underappreciated Growth Engine But Watch The Valuation
Equinor ASA
One of the factors that sets European oil and gas companies apart from their American counterparts is that the European companies are devoting much more effort into the development of renewable energy. I have mentioned this in a few previous articles. We saw further evidence of this a few days ago when France’s Total (TOT) announced that it is teaming up with Macquarie’s Green Investment Group to construct five large floating wind farms in South Korea. This is not Total’s first foray into green energy however and in fact, the renewable energy segment