Global Clean Energy Industry Outlook Special Report

The renewable energy sector recorded significant growth over the last decade driven by technological innovation, reduction in cost and government support. Solar and wind are the key segments of renewable energy witnessing higher adoption, especially in Europe, the US and APAC countries. During the first half of 2020, both segments recorded sluggish growth principally due to COVID-19-triggered lockdowns. Consequently, the entire renewable energy supply chain took a hit, resulting in project delays. However, recovery in the sector is expected to be fast as countries have increased focus on sustainable sources of energy in the post-COVID-19 lockdown period.