The global power industry experienced a 45% drop in company filings mentions of renewable energy in Q2 2023 compared with the previous quarter, with the highest share accounted for by Adani Green Energy with 54500% year-on-year increase, according to GlobalData’s analysis of over 667 power company filings. With the growing importance of renewable energy in the global energy mix, key oil and gas companies are competing to be best positioned to benefit from investments in renewable energy. GlobalData’s Renewable Energy in Oil and Gas Thematic Intelligence report highlights the various trends, analyses the solar, wind power, and biopower value chains and identifies top players across different segments. Buy the report here.
Notably, renewable energy was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of energy storage and regtech, according to GlobalData.
Of the top leading companies in the power industry, Adani Green Energy had the greatest increase in references for renewable energy in Q2 2023, compared with the previous quarter. GlobalData identified 1092 renewable energy-related sentences in the company's filings - 18% of all sentences - and an increase of 54500% in Q2 2023 compared with Q2 2022. Enel’s mentions of renewable energy dropped by 26% to 510 and Avangrid’s by 46% to 288 and Xcel Energy’s by 5% to 287 and Xinyi Solar’s by 10% to 264.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for renewable energy in Q2 2023 was 110.
For further understanding of GlobalData's Renewable Energy in Oil and Gas – Thematic Intelligence buy the report here.