Oil & Gas majors pivoting to renewables in pandemic

BLOOMBERGNEF | The global pandemic of 2020 has slowed down demand for oil and gas but provided a big boost for renewables, said Mona Dajani, partner and global head of energy and infrastructure at Pillsbury Winthrop Shaw Pittman LLP in New York.

Fossil-fuel companies that saw oil futures drop below zero in April are pivoting toward wind and solar in a big way, Dajani, one of the leading deal makers in the renewable energy industry, said in a phone interview with BloombergNEF in June. She is also seeing storage increasingly bundled into packages with wind and solar.

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