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Rystad: Renewables on track to outspend E&P in Asia-Pacific

    Home News Rystad: Renewables on track to outspend E&P in Asia-Pacific

    Rystad: Renewables on track to outspend E&P in Asia-Pacific

    By emagstage | News | Comments are Closed | 6 June, 2019 | 0

    A recent forecast by Rystad Energy states that renewable energy developments in the Asia-Pacific region are set to outspend exploration and production (E&P) activities in 2020. With the exception of China, total CAPEX in renewable developments of all types will overtake E&P spending next year.

    The energy research firm anticipates the largest investments will come from Australia, India, Vietnam, Japan and South Korea.

    And the industry group most likely to emerge as the dominant renewable developer in Australia and elsewhere? It might just be the oil and gas majors.

    Gero Farruggio, Head of Renewables at Rystad Energy, anticipates that upstream companies will lead the charge in response to commercial drivers. Farruggio foresees increased investment in utility storage, solar and offshore wind. “Solar panels, lithium-ion batteries and turbines will soon be conventional segments of Australia’s offshore services,” he added.

    EnergyMakers will continue to track this and other developments in the quickly evolving global energy arena.

    asia pacific, EnergyMakers, renewables

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    • Home
    • About
    • Services
      • E&P Services
        • Due Diligence and Transaction Support Services
        • Water Management Due Diligence / Disposal Risk Assessment
        • Midstream Water Management Advisory / Analytics
        • Facilities, M&A, JV, and Project Financial Modeling
        • Storage, Production, and Shut-in Strategy Development
      • Water Management
        • Water Management Advisory and Planning Services
        • Saltwater Disposal / Seismicity Avoidance / UIC Operations Planning and Risk Management
        • Water Sourcing / Supply Assurance
        • Facilities Sitting and Life Cycle Planning
        • Solid Waste Management
        • Permit Strategy, Operations Planning, HSEQ Compliance
        • Comprehensive Due Diligence Services, Technology Piloting and Commercialization
      • Data-on-Demand: Oilfield Saltwater Disposal and Injection Wells
    • Industry Report
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