COVID-19 is crippling the energy market, with one big exception: renewables

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This was supposed to be another record year for renewables.

But instead, 2020 represents a sudden break in what appeared to be a nearly unstoppable rise in the capacity of renewable energy, the International Energy Agency said Wednesday—with capacity growth expected to drop by 13% compared to the record pace set in 2019. That marks the first drop in renewable capacity growth in over two decades, the agency said.

That drop is due, of course, to the COVID-19 pandemic—which has delayed installation and financing for projects, particularly rooftop installed solar panels, a powerful source of renewable energy growth. But it

Read more    Source: fortune.com

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