+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Renewables: COVID-19

Partial Recovery Predicted in 2021

18 June 2020

The COVID-19 crisis has resulted in the construction of fewer new wind farms, solar panels and other facilities to produce renewable energy. This decline is due to a slowdown in construction activity, supply chain disruptions and lockdown measures. However, it is expected that growth will resume next year as a result of the completion of postponed projects and continued government support. Despite the disruption to planned projects, it is predicted that the world will add 167 gigawatts of renewable power capacity this year. 

Analysts predict a partial recovery in 2021. Renewable energy installations are forecast to rebound to 2019 levels. However, the combined growth for 2020 and 2021 is predicted to be 10% lower than was forecast before the COVID-19 outbreak. The sharp decline in oil and gas prices could also have an effect on the demand for renewable energy heating. Due to the economic impact of COVID-19, consumers may take advantage of the lower prices and delay switching from fossil fuel heating to renewable alternatives. 

We have included a selection of our most popular market research on renewables below.

Research and Markets offers more information on this topic:

COVID-19 Impact on Renewable Energy Market by Technology (Wind and Solar), End-User (Utilities, Captive (Industrial, Commercial and Residential) and Region - Global Forecast to 2021- Product Image
COVID-19 Impact on Renewable Energy Market by Technology (Wind and Solar), End-User (Utilities, Captive (Industrial, Commercial and Residential) and Region - Global Forecast to 2021- Product Image
COVID-19 Impact on Renewable Energy Market by Technology (Wind and Solar), End-User (Utilities, Captive (Industrial, Commercial and Residential) and Region - Global Forecast to 2021
  • From
  • Report
  • April 2020
  • 51 Pages
  • Region: Global
The coronavirus pandemic is adding to the uncertainties that the global oil industry face as it contemplates new investments and business strategies. The pressures on companies are increasing, as they need to...
Impact of COVID-19 on the Global Renewable Energy Industry- Product Image
Impact of COVID-19 on the Global Renewable Energy Industry- Product Image
Impact of COVID-19 on the Global Renewable Energy Industry
  • From
  • Report
  • March 2020
  • Region: Global
Global Renewable Energy Market Size, Share & Trends Analysis Report by (Solar Panel Industry, Wind Power Industry, Hydro Power Industry, and Other Industries), Impact of COVID-19 on Global Renewable Energy Industry,...
Global Hydrogen Generation Market 2020-2024- Product Image
Global Hydrogen Generation Market 2020-2024- Product Image
Global Hydrogen Generation Market 2020-2024
  • From
  • Report
  • April 2020
  • 120 Pages
Global Hydrogen Generation Market 2020-2024 The hydrogen generation market is poised to grow by $ 37.32 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period. The report on the hydrogen...
Innovations in Renewable Energy Generation, Desalination, Artificial Intelligence, LEDs, and Vaccines- Product Image
Innovations in Renewable Energy Generation, Desalination, Artificial Intelligence, LEDs, and Vaccines- Product Image
Innovations in Renewable Energy Generation, Desalination, Artificial Intelligence, LEDs, and Vaccines
  • Report
  • February 2020
  • 29 Pages
  • Region: Global
This edition of the Inside R&D TechVision Opportunity Engine (TOE) features an innovation for enhancing digital imaging in deep learning and an innovation based on using novel receptors for mitigating vector...
Global Renewable Energy - Making Renewable Energy the Only Global Energy- Product Image
Global Renewable Energy - Making Renewable Energy the Only Global Energy- Product Image
Global Renewable Energy - Making Renewable Energy the Only Global Energy
  • From
  • Report
  • January 2020
  • 268 Pages
  • Region: Global
This 2020 study has 268 pages, 148 tables and figures. Zero-carbon emissions mean that no carbon is being produced from fuel burning to get power. Oil, gasoline, coal, and gas fuels are used now by burning them...