The charge for funding
Accessing energy sector cash from traditional sources has been difficult while oil and gas companies are cutting capital spending. But projects have been taking off
Heightened oil and gas price volatility has threatened the commercial viability of large-scale upstream projects over the past few years. Many traditional developments, which operators committed to at $100 oil, are now untenable with Brent prices at half that level. But project finance in the renewables sector is thriving, driven by supportive government policies to decarbonise and generous subsidies. Wind and solar projects in particular are driving the charge. In the US alone, a number of major solar PV projects have been agreed, as traditional oil and gas companies seek to diversify operations. There has also been a rise in wind energy developments, with several large projects in western
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
