A New Role for Service Providers Amidst Energy Upheaval

Amid what the IEA has dubbed a “dismal” year for fossil fuels, the one bright spot is the performance of renewables sector, which is still expected to grow by 1% this year. That is a serious downgrade on the sector’s record performance last year, when global wind power capacity grew by almost a fifth. Nonetheless, the current modest growth figures for this year are fueling speculation that renewables will emerge as a new paradigm winner once the COVID-19 pandemic abates. If that happens, renewables will attract investment, drive growth, bring jobs and energy security in the future – all while supporting the global battle against climate change.

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