Rapid growth becomes new normal
Despite the impact of the pandemic and associated economic crisis, 2020 saw unprecedented growth in the solar market. With the International Energy Agency stating that high rates of capacity additions are the new normal, has the energy and investment environment fundamentally changed? Felicia Jackson in London explores these issues.
In 2021, the place of solar in the energy market has been transformed. The International Energy Agency (IEA) has crowned it the “king of electricity,” and says its 2020 global capacity growth rate of 45% (to nearly 280 GW) is the new normal. This year will see the return of international climate negotiations, as …
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