Investment in renewables may outpace oil and gas in Asia

ASIAN spending on renewables is close to outpacing spend on upstream oil and gas exploration, new research from Rystad Energy shows.

Investment in renewables may outpace oil and gas in Asia Investment in renewables may outpace oil and gas in Asia Investment in renewables may outpace oil and gas in Asia Investment in renewables may outpace oil and gas in Asia Investment in renewables may outpace oil and gas in Asia

Ararat Wind Farm

The move, which could be as soon as 2020, will see capital expenditure in Australia, Vietnam, Taiwan and South Korea rise, it suggested.

The analysis does not take into account China.

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