Posted by: Windfair Editors
Corona Virus Will Not Halt Global Renewables Growth
Image: PixabayOfficial Press Release IEA:
The Covid-19 crisis is hurting but not halting global growth in renewable power capacity
After a dip this year, new renewable capacity additions are expected to rebound in 2021, but policy certainty is critical to ensure investor confidence
The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the Covid-19 crisis, marking the first annual decline in new additions in 20 years, according to the International Energy Agency. But their growth is expected to resume next year as most of the delayed projects come online and assuming a continuation of supportive government policies. Renewable power sources have so far showed impressive resilience despite the disruptions and changes caused by the coronavirus pandemic, with their share of the electricity mix... ... More: Official Press Release IEA
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- IEA, COVID-19, coronavirus, crisis, industry, renewable energy, capacity, addition, investor, onshore, offshore, solar, wind, challenge, fossil, growth
