Renewables spending set for new record in 2021, luring service suppliers as oil and gas gap narrows
Renewables spending set for new record in 2021, luring service suppliers as oil and gas gap narrows
Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energy analysis shows, forecast to reach $243 billion, and narrowing the gap with oil and gas spending, which is projected to be relatively flat this year at $311 billion. While oilfield service suppliers have taken considerable steps to make structural changes and diversify, 2020’s finan...