The charge for funding
Accessing energy sector cash from traditional sources has been difficult while oil and gas companies are cutting capital spending. But projects have been taking off
Heightened oil and gas price volatility has threatened the commercial viability of large-scale upstream projects over the past few years. Many traditional developments, which operators committed to at $100 oil, are now untenable with Brent prices at half that level. But project finance in the renewables sector is thriving, driven by supportive government policies to decarbonise and generous subsidies. Wind and solar projects in particular are driving the charge. In the US alone, a number of major solar PV projects have been agreed, as traditional oil and gas companies seek to diversify operations. There has also been a rise in wind energy developments, with several large projects in western
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
