The report below gives a good overview of the Spring 2021 M&A activity in the Energy Industry Sector. Global investment in energy is set to rebound by nearly 10% in 2021 to USD 1.9 trillion, reversing most of last year’s drop caused by the Covid-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency. With energy investment returning to pre-crisis levels, its composition is continuing to shift towards electricity: 2021 is on course to be the sixth year in a row that investment in the power sector exceeds that in traditional oil and gas supply, according to the World Energy Investment 2021 report. Global power sector investment is set to increase by around 5% in 2021 to more than USD 820 billion, its highest ever level, after staying flat in 2020. Renewables are dominating investment in new power generation capacity and are expected to account for 70% of the total this year. Upstream oil and gas investment is expected to rise by about 10% in 2021 as companies recover financially from the shock of 2020, but their spending remains well below pre-crisis levels.
Posted by Roy Graham.
Read the Entire Summer 2021 Energy Report Here
The post Summer 2021 | M&A Report In The Energy Industry Sector appeared first on CFA. The author is royg.
Title: Summer 2021 | M&A Report In The Energy Industry Sector
Sourced From: www.cfaw.com/blog/summer-2021-ma-report-in-the-energy-industry-sector/
Published Date: Thu, 29 Jul 2021 18:14:04 +0000
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