The potential investment value of new projects in the power sector has fallen by 53% according to EIC Monitor, a quarterly report from the EIC, the leading trade association for UK companies that supply goods and services to the energy industries worldwide. EIC monitor reports newly announced projects across the global energy supply chain. The Q4 (October – December 2010) report reveals that in contrast, the renewables, upstream and downstream sectors have all seen good growth, both in number of projects and in potential investment value.
EIC Monitor tracks over 8,000 active and future projects in the global energy industry and provides an industry barometer, broken down into oil and gas (downstream, midstream, upstream), nuclear and conventional power and the renewables sectors. Data is analysed by the number and value of new, active and proposed projects recorded by the EIC each quarter.
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