A full month into 2021 and we are past the point of making predictions for the year ahead. Unpredictability will hopefully not be a theme that carries through from last year, however uncertainty will likely remain the case for some time yet in the Energy sector.
As seen in Energy Voice, AAB's Callum Gray reflects on the last 12 months of activity in the Energy sector.
The Scottish Government’s announcement in the early summer of a £62million support package to help deliver a net zero future was warmly welcomed across the Energy sector. Not only does this respond to and show real commitment and support to meeting Scotland’s ambitious climate change targets, it also demonstrates the importance of investing in the Energy sector at a time where a more traditional oil & gas industry faces the reality of longer term challenges.
The Energy sector today is a constantly changing, evolving and complex landscape. It is continuously seeking to find an equilibrium in the turbulence of supply and demand, fossil fuels and renewables, and survival and growth. All of which is underpinned by fierce competition for investment.