China emerges as leader in solar PV installations as COVID-19 makes dent in renewables market, reveals GlobalData


Source: globaldata.com globaldata.com

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COVID-19 lockdowns have significantly disrupted the demand side of the renewable energy supply chain. Although China and European countries have slowly resumed operations and eased lockdown restrictions, the impact of the global economic slowdown will dent the renewables market, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘ Thematic Research: Renewable Energy’ , highlights that reduced demand increases uncertainty to project finance, which, in turn, impacts development timelines and stunts growth.” Sneha Susan Elias, Senior Analyst of Power at GlobalData, comments: “Power purchase agreements (PPAs) have and will continue to be integral in supporting the deployment of...