Capital expenditure (CAPEX) for onshore wind increased from roughly 75 billion U.S. dollars in 2019 to 95 billion U.S. dollars in 2020. Projections show that this figure is expected to grow by five percent in 2021. CAPEX for renewable energy projects is expected to increase by seven percent in 2021, compared with 2020. In contrast, capital expenditure for oil and gas upstream projects is forecast to increased by approximately two percent.
Estimated capital expenditure for renewable energy projects worldwide from 2019 to 2021
(in billion U.S. dollars)
Characteristic
Offshore wind
Onshore wind
Solar PV
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Statista. (March 18, 2021). Estimated capital expenditure for renewable energy projects worldwide from 2019 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1243661/renewable-energy-project-capex-worldwide/
Statista. "Estimated capital expenditure for renewable energy projects worldwide from 2019 to 2021 (in billion U.S. dollars)." Chart. March 18, 2021. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1243661/renewable-energy-project-capex-worldwide/
Statista. (2021). Estimated capital expenditure for renewable energy projects worldwide from 2019 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1243661/renewable-energy-project-capex-worldwide/
Statista. "Estimated Capital Expenditure for Renewable Energy Projects Worldwide from 2019 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Mar 2021, https://www.statista.com/statistics/1243661/renewable-energy-project-capex-worldwide/
Statista, Estimated capital expenditure for renewable energy projects worldwide from 2019 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1243661/renewable-energy-project-capex-worldwide/ (last visited September 01, 2024)
Estimated capital expenditure for renewable energy projects worldwide from 2019 to 2021 (in billion U.S. dollars) [Graph], Statista, March 18, 2021. [Online]. Available: https://www.statista.com/statistics/1243661/renewable-energy-project-capex-worldwide/