RE adoption by O&G companies to slow amid low oil price


To sound like a broken record, how do I get into this gig?

Dateline 2020-10-30, Malaysian Reserve:

RENEWABLE energy (RE) projects in Malaysia led by oil and gas (O&G) players are expected to decelerate due to high gearing amid low oil price environment.

AmInvestment Bank Bhd (AmInvest) analyst Alex Goh said Yinson Holdings Bhd is the only party — among local service providers — that has taken the plunge by investing US$30 million (RM124.8 million) for a 95% equity stake in Rising Sun Energy Pte Ltd, which has a 160MW solar farm in Bhadla Solar Park Phase II in Rajasthan, India.

“Nevertheless, we envisage a slow adoption of renewable projects by local O&G providers given that a large segment is currently burdened by high gearing amid a low oil price environment,” Goh said in a report yesterday.

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This entry was posted on Saturday, November 21st, 2020 at 6:34 am and is filed under oil and gas, Renewable Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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