Record Renewables Investment Closes The Gap With Oil & Gas Spending ...Middle East

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Record Renewables Investment Closes The Gap With Oil & Gas Spending
source : OILPRICE ( Middle East ) () 21
Renewable energy projects are expected to see a record investment at US$243 billion this year, further closing the gap with expenditure on upstream oil and gas projects, where capex is expected flat at around US$311 billion, Rystad Energy said in a recent analysis. Spending on renewable projects in 2021 is set to rise from last year’s estimated spend of US$224 billion, while upstream oil and gas spending will remain basically unchanged from 2020 as companies continue to keep a tight rein on capital expenditures, the energy research firm said.…

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