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2019-05-27 11:35:00

ASIA'S RENEWABLE INVESTMENT WILL UP

ASIA'S RENEWABLE INVESTMENT WILL UP

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.

The company focuses on China separately and did not include the nation in this assessment. China is the world's biggest investor into renewables and also one of the leading spenders in upstream oil and gas.

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Tags: ASIA, RENEWABLE, INVESTMENT