Offshore wind spending ‘closing the gap on oil and gas’
Offshore wind spending ‘closing the gap on oil and gas’
Spending on offshore wind is closing the gap on oil and gas, and is expected to surpass it in key markets by 2030.
Rystad Energy said oil and gas expenditure will increase “marginally” to more than $140bn by 2030, however the offshore wind sector will increase to $87bn within that timeframe, increasing 70% on the $50bn market value of 2021.
Estimates from Rystad also show that less than $10bn will separate spending in new offshore wind and new oil and gas by 2030.
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