Renewable energy is growing despite covid-19
ReportsRenewables markets have shown resilience during the covid-19 crisis, says the IEA. In sharp contrast to all other fuels, renewables used for generating electricity will grow by almost 7% across 2020. Global energy demand is set to decline 5% but long-term contracts, priority grid access and installation of new plants have underpinned strong growth in renewables. From January to October 2020, auctioned renewable capacity was 15% higher than a year earlier, a new record. Additionally, shares of publicly listed renewable equipment manufacturers and project developers outperformed most major stock market indices and the overall energy sector.
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