Global investment in renewables to bounce back in coming years to pre-COVID levels
Global investment in renewables to bounce back in coming years to pre-COVID levels 12/16/2020 Global capex spending on renewables is poised to bounce back in 2021, rising 8.5% to $255 B—in line with 2019 levels, according to Roger Diwan, vice president, financial services and the IHS Markit Energy Advisory Service. Annual spending is expected to remain at those levels through 2025. This adds up to a $1.3 T cumulative 2021-2025 spend—a 9% increase over cumulative capex in 2015-2019. At the same time, sharply declining capital costs across renewable technologies mean that just a 9% increas...
Source: hydrocarbonprocessing.com