Renewable Energy in Oil & Gas (2025)

Global power generation is increasingly shifting toward renewable sources, reducing the reliance on fossil fuels. While global energy generation has risen by around 30% in the past ten years, renewable energy has nearly doubled over this timeframe. The share of renewables in the global energy mix is anticipated to reach over 40% by 2030, which would be a notable achievement in climate change mitigation. This rise is anticipated to be largely driven by the proposed capacity increases in solar and wind power.

The oil and gas industry-including producers, service providers, and contractors-are relatively new entrants in the renewable energy space. Nevertheless, they are making notable movements in the competitive landscape for renewable energy, particularly, in offshore wind. TotalEnergies is anticipated to be the fourth largest producer of wind energy towards the end of this decade, if all its proposed projects go online. Elsewhere, BP, Shell, and several other European players are rapidly building renewable power capacity to position themselves more as energy companies, rather than purely oil and gas producers.

Scope

• This report highlights the growing exposure of oil and gas companies in the renewable energy space.
• It reviews the various avenues available for oil and gas industry to adopt energy transition strategies, including renewable power.
• It analyses the renewable energy value chain and identifies the key oil and gas players across the its different levels.
• The report also provides an overview of the competitive positions held by oil and gas companies, and equipment and services companies in this theme.

Reasons to Buy

• To understand the purview of renewable energy theme within the analyst’s Energy Transition Framework.
• Identify the key industry, technology, and macroeconomic trends impacting the renewable energy theme.
• Overview of technologies used to harness renewable energy.
• Understand the renewable energy value chain and the key players in it.
• Includes a snapshot of industry signals such as deals, patents, hirings, and company fillings related to renewable energy theme.
• Identify and benchmark key oil and gas companies; and oilfield and services companies based on their competitive positioning in the renewable energy theme.