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| 2020-11-25 来源： 中国石化新闻网 |
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石化新闻 |
中国石化新闻网讯 据能源之声网站11月20日报道 IHS Markit发布的一份报告提醒称，石油公司对可再生能源的投资正在推高价值，并有“过热”的风险。 咨询公司表示，包括壳牌、英国石油和道达尔在内的欧洲石油和天然气公司推动了这一支出。这些公司转向可再生能源的驱动力为可再生能源并购带来了一波额外的现金流。 与此同时，可再生能源市场也在苦苦挣扎。电力需求下降，电价和利润率较低，政府支持减少，竞争加剧。 IHS Markit Etienne Gabel表示，最初，石油和天然气公司增加参与该行业的唯一途径是通过并购。 自2015年以来，风险调整后的回报率在盈利能力方面“普遍优于”石油和天然气，同时波动性较小。 IHS Markit负责天然气、电力和能源期货团队的高级主管表示：“从回报的角度来看，这背离了低碳无法与油气竞争的传统观点。” 考虑到这些回报，以及投资组合多元化的好处，油气公司加快了进入能源转型领域的步伐。 然而，这些新的可再生能源参与者正在进入一个盈利能力下降、竞争激烈的市场。支离破碎的可再生能源行业已经在整合，有利于一些老牌电力公司。 王磊 摘译自 能源之声 原文如下： Oil cash risks overheating renewables market The rush for renewable energy investments by oil companies is driving up values and risks “overheating” the sector, a report from IHS Markit has warned. European oil and gas companies, the consultancy said, including Shell, BP and Total are driving this spending. These companies’ drive to shift into renewables has brought a wave of additional cash into renewables M&A. At the same time, renewable markets are struggling. Power demand is down, power prices and margins are low, government support is reduced and competition is increased. Initially, the only way for oil and gas companies to boost their involvement in the sector is through M&A, IHS Markit’s Etienne Gabel warned. Since 2015, risk-adjusted returns have “generally outperformed” oil and gas in terms of profitability, while having less volatility. “This is a departure from the traditional view that low carbon cannot compete with O&G from a returns perspective,” IHS Markit’s senior director for the Gas, Power, and Energy Futures team said. Given these returns, and the benefits of portfolio diversification, hydrocarbon companies have accelerated their moves into the energy transition space. However, these new renewables players “are entering a market with dwindling profitability and fierce competition. The fragmented renewables sector is already consolidating in favour of some well-established power companies.” |
