The economic lockdown and related volatility in power demand is providing an opportunity for faster renewable expansion in Europe. Hopes for new green stimulus policies have investors looking to the next phase of growth, report Jeremy Bowden and Colin Leopold
COVID-19 has thrown a bucket of cold water over electricity demand and prices in Europe, in turn leading to lower levels of gas and coal-fired power generation. But it has had a different effect on the production of renewable energy, which is now becoming even more attractive to many private investors.
Despite some difficulties with site access during lockdown, a wider M&A slowdown and some corporate downgrades limiting future capex plans, it could be said that renewable energy is having a good crisis.