Energy Sector Growth Projected for 2021 Enter your number to get our free mobile app It's being projected that both renewable energy and oil will be seeing a significant growth by the second half of 2021. Wes Reeves, representative for Xcel Energy said: The country always needs energy [...] Whether that’s oil and gas, or the growing renewable energy industries that we have here, we know that energy is going to be needed. Oil prices and energy production are already said to be up from when the pandemic first began, but KAMC News reports, however, that job recovery isn't happening as fast.