|2020-11-25 来源： 中国石化新闻网|
中国石化新闻网讯 据能源之声网站11月20日报道 IHS Markit发布的一份报告提醒称，石油公司对可再生能源的投资正在推高价值，并有“过热”的风险。
IHS Markit Etienne Gabel表示，最初，石油和天然气公司增加参与该行业的唯一途径是通过并购。
王磊 摘译自 能源之声
Oil cash risks overheating renewables market
The rush for renewable energy investments by oil companies is driving up values and risks “overheating” the sector, a report from IHS Markit has warned.
European oil and gas companies, the consultancy said, including Shell, BP and Total are driving this spending. These companies’ drive to shift into renewables has brought a wave of additional cash into renewables M&A.
At the same time, renewable markets are struggling. Power demand is down, power prices and margins are low, government support is reduced and competition is increased.
Initially, the only way for oil and gas companies to boost their involvement in the sector is through M&A, IHS Markit’s Etienne Gabel warned.
Since 2015, risk-adjusted returns have “generally outperformed” oil and gas in terms of profitability, while having less volatility.
“This is a departure from the traditional view that low carbon cannot compete with O&G from a returns perspective,” IHS Markit’s senior director for the Gas, Power, and Energy Futures team said.
Given these returns, and the benefits of portfolio diversification, hydrocarbon companies have accelerated their moves into the energy transition space.
However, these new renewables players “are entering a market with dwindling profitability and fierce competition. The fragmented renewables sector is already consolidating in favour of some well-established power companies.”