GlobalData forecasts renewables will supply over 40% of global electricity by 2030, increasing from 7.4 PWh in 2020 to 16.1 PWh. Despite this growth, oil and gas firms like TotalEnergies, BP, and Shell remain cautious in their investment pace, influenced by financial and regulatory pressures. Factors such as rising costs and permitting challenges in the U.S. are causing delays or cancellations of renewable projects.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue