May 3, 2021 Read More →

European renewable demand surged during 2020 despite pandemic

T&D World:

“Renewable energy demand has grown by an impressive 8% from 2019 to 2020, during a year where energy consumption and industry output has slumped across most of Europe,” says Tom Lindberg, the managing director at ECOHZ, commenting on new statistics from the Association of Issuing Bodies (AIB). Lindberg suggests that a paradigm shift can be in the making, with reductions in the year-over-year surplus of renewable energy a likely reality.

Despite alarming predictions, the market demand for renewables has continued to grow at a steady pace during 2020. The impact of lower industrial activity as a result of Covid-19 has been limited, and the European thirst for renewables seems unstoppable. This is reflected directly in the annual market figures of Guarantees of Origin (GO), produced by the Association of Issuing Bodies (AIB).   

The overall tendency in the GO market is a robust and growing market demand, coupled with a somewhat stable supply situation. The market demand has grown by an impressive 8% from 2019 to 2020. This during a year when energy consumption and industry output has slumped across most of Europe. Annual growth (CAGR) from 2008 to 2020 is a solid 17%.

[Staff Report]

More: European Demand for Renewable Energy Grows 8% Despite COVID

Comments are closed.