Asian renewable investment to overtake upstream oil and gas…
SINGAPORE (Reuters) – Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.
Total capital expenditure in renewables will rise above $30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas, the consultancy said.
India, Australia, Japan, Vietnam and South Korea will be the leading destinations for investment in Asia, according to Rystad.