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As the solution for COVID-19 is far from near, this trend is expected to continue for the rest of the year as utilities will choose the cost-effective renewable sources over fossil fuels, according to data and analytics company GlobalData.
Following the pre-qualification process for Ireland's first renewable energy auction at the end of April, the expected 1TWh of clean energy capacity won't be enough to reach the country's 2020 30% target, missing it by a mere 3% according to global research and analytics firm GlobalData.
While the supply chain for projects has been disrupted, and the commercial model for privately financed power plants has been upset, the region remains committed to diversifying its energy sources and lowering its costs through renewables, says data and analytics company GlobalData.
Increasing import costs, fall in energy usage and indefinitely postponed auctions are likely to impact the momentum of the Brazillian solar PV sector.
SunCrafter is building a roadmap to manufacturing a significant number of its creative solution, which develops hand sanitisers by using end-of-life PV modules.
Due to COVID-19, the number of merger and acquisition deals completed within the renewable sector in Q1 2020 dropped by nearly 25% from Q4 2019.
This article looks at the impact of Coronavirus on consumers with smart meters in the UK, PPAs worldwide and on shipments of solar PV modules in the US.
Australia, like many other countries in the world, is experiencing a drop in electricity demand that has provided an opportunity for the renewable sector to take centre stage in the continent says the data and analytics firm.
Bangladesh has introduced a $218.7 million Green Transformation Fund to provide soft loans to solar developers, other environment-friendly products.
The Swiss government has increased its financial support towards rooftop solar markets to help the sectors to withstand the COVID-19 crisis.
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