There are approximately 60,000 wind turbines in the U.S., according to the American Wind Energy Association. (Photo: Bloomberg)
Due to the COVID-19 pandemic, the two-decade-long growth behind renewable energy is expected to level off this year, but not for long.
According to a recent study by Report Linker, the global renewable energy market is on target to reach the $226.1 billion mark in 2021. But while COVID-19 has caused the renewable energy industry to take a hit this year, the damage shouldn’t influence the trajectory of renewable energy over a longer time span. In fact, the outlook presents some promising opportunities in the near future.
The impact on the industry
This pandemic has the renewable energy industry exercising caution, resulting in most energy construction starts being temporarily