Oil & Gas Majors in Renewable Energy: The Hunt for the Best Returns
Driven by favorable politics and economics, the global renewable energy market is growing at an exponential rate. In 2016, net capacity installations of wind and solar PV overtook conventional power generation capacity for the first time, and in 2017, almost 100 GWdc of solar PV was installed worldwide. The rapid growth is due in part to a more favorable political environment, but primarily to lower technology costs. Renewables represent a sizable investment opportunity, but the space is extremely competitive. Two areas where the majors will be positioned to succeed are in offshore wind and ultra-large tenders for solar PV.
Select Large-Scale Renewable Energy Projects and the Underdevelopment of Majors’ Upstream Oil & Gas Projects
This report forms part of a broader series assessing the opportunities, challenges and risks for the oil and gas majors in the renewable energy sector.
Over the next few weeks, we will be publishing two follow-up reports exploring the issues highlighted here in more detail. These two reports will assess further assess the specific opportunities and challenges for oil and gas companies in the renewable energy sector, as well as analyzing the potential cash flows that can be achieved from the development of different types of renewable energy projects in different markets.
To access these reports, or to hear more about our Power and Renewables research offerings, please contact email@example.com.