COVID-19 to halt growth in renewables

The global Covid-19 pandemic is expected to hit planned wind and solar projects in Australia and other countries particularly hard, and wipe out any anticipated growth in renewables deployment in 2020, according to a new study.

Renew Economy is reporting Norway-based Rystad Energy had expected global solar additions to grow 15% to 140 gigawatts in 2020, and wind additions to grow 6% to around 75GW. 

But it now expects this growth to be eliminated, and its forecasts for 2021 have also been cut by around 10 per cent. Analysts and renewable energy developers have previously expressed concern about some sort of slowdown – due to a combination of supply bottlenecks and restrictions on the movement of people.

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