Power & utilities - Forvis Mazars

Bahrain’s energy sector is in the midst of a major transformation, balancing its traditional reliance on hydrocarbons with a strategic pivot toward renewable energy and long-term sustainability. Global decarbonisation targets, government net-zero commitments, the rise of electric vehicles, SMART grid development, and increasing environmental regulation are driving profound change across the sector. Utilities are under growing pressure to modernise infrastructure, phase out fossil fuel assets, and ensure grid resilience in the face of evolving demands.

Meeting future energy needs requires not only rapid capacity expansion but doing so in a way that is both sustainable and adaptable. At Forvis Mazars, we combine deep expertise in global energy markets with a firm understanding of local regulatory frameworks to help you operate confidently across multiple jurisdictions. Our tailored audit and advisory services are designed to support energy providers, developers, and investors in building the robust, future-ready systems that tomorrow’s energy landscape demands.

Our approach

The energy and utilities sector is experiencing a significant transformation, driven by the rise of renewable energy, rapid technological advancements, and shifting demands from developing economies. The decentralisation of energy grids and production, increasing digitalisation, and the need for sustainable solutions are all reshaping how energy is produced, distributed, and consumed.

At Forvis Mazars, we are committed to providing the strategic insights and tailored solutions you need to navigate this evolving landscape and achieve sustainable growth.

Our global network, which combines deep industry expertise with specialists in audit, tax, and financial advisory, enables us to offer comprehensive support across the energy value chain, from exploration and extraction to distribution and final consumption.

We understand the complexities and opportunities presented by the shift to renewable energy and are well-positioned to help you manage the transition effectively. Our renewables experts provide valuable insights to help you harness emerging opportunities and optimise performance.

With decades of experience, our team works closely with utilities, independent power producers (IPPs), and investors to improve operational and financial efficiency. We leverage advanced tools like modelling, which are essential for project feasibility assessments, valuations, and even the sell-off process. In addition, we focus on key economic, social, and governance (ESG) considerations, including green accounting and audits, to ensure that your business stays aligned with both regulatory and consumer expectations.

In a sector dominated by multinational players, our cross-border capabilities allow us to support clients both locally and internationally, ensuring compliance with national regulations while driving global growth.

Tailored services to meet the challenges of a changing industry:

Support in financing and developing your projects

Deal advisory
Infrastructure finance
International development and external growth: investment opportunity studies in the energy sector, support in driving integration projects, and financial, tax and legal support in establishing subsidiaries or businesses

Optimising your operations

Financial management: audit and accounting, financial engineering, alignment of costs in connection with the business strategy, financial modelling of investment projects
Data and automation: improve the power of your data and protect it
Risk management: adjusting the level of investment in accordance with industrial risks, internal control, risk mapping, identification and prevention of fraud risks
Operational management: industrial asset optimisation, global optimisation of the supply chain, maintenance strategy for industrial sites

Helping you transition towards new energies