Global Renewable Energy Industry Analysis 2020

The renewable energy industry has faced quite more attraction during the lockdown as the whole world was able to witness how the Earth healed itself in just a few months and we, the humans need to be more careful about our actions and the impact on the Earth. This has sparked great interest among the industries to reduce their carbon footprint while on the other hand, be ready to adopt more of renewable energy sources. The countries have started discussing more on adopting the traditional renewable energy sources while continuing the research on more low emission energy sources.

Current situations have made it even more important to implement renewable energy sources in different fields. Some countries such as India has already pledged to have 450GW of renewable energy sources by 2030. Similar pledges have been taken by other countries such as UAE and other Gulf nations in their Vision 2030. On the other hand, some regions such as Nordic countries already have at least 2/3rd of their electricity sources coming from renewable sources because of good usage of hydropower in Norway and Sweden. Denmark has the highest share of wind power in the world.

Without any doubt, the fractions of the world have already advanced in the renewable energy sources, however, the need of the today’s world is to work collectively and develop the technologies that can benefit the whole world. The report will be a good knowledge source for the investors and the businesses that are looking forward to creating a change in this industry. This report will work as a great foundation for these entrepreneurs.