For many sectors, 2020 has been a dramatic year. The global pandemic of coronavirus has upended markets by slashing consumption and demand, stunning growth, and even threatening the existence of many companies. The energy sector also experienced a slump in prices and demand. However, those challenges came with a silver lining where it was least expected – in the renewable energy sector.
Effects of Covid-19 on Energy Systems
The Covid-19 outbreak has created a crisis for societies around the world. Focusing on bringing the pandemic under control, governments took unprecedented measures. Full and partial lockdowns have limited production, transport, and trade, slowing the economies down.
The lockdown measures drastically ...