Renewables energy investment in Asia, excluding China, will bypass spending on upstream oil and gas projects in the region as soon as next year, research consultancy Rystad Energy said on Sunday. In 2020, total capex in renewables will overtake oil and gas exploration and production (E&P) spending, with contributions from Australia and other Asian countries, including Vietnam, Taiwan and South Korea. Gero Farruggio, Head of Renewables at Rystad Energy, said that “these countries each have strong pipelines for renewable energy developments…
