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The pandemic reinforces renewable energies

In recent months, the pandemic has turned our lives upside down and we find ourselves immersed in this new reality, but what has the COVID-19 for the renewable energy?

It is true that renewable energies are gaining more and more ground on fossil energies year after year, but the pandemic of 2020 has accelerated investment in clean energies and we have left fossil energies aside.

During the first months of confinement, especially on the Asian continent, we were able to see how the CO2 maps changed their color quickly, revealing the pollution that the industry leaves behind... This, and many other factors, has made the energies Renewables have been one of the sectors that has best faced the coronavirus crisis. 

It is contemplated that by the end of this year, we will have consumed 10% less oil than during 2019.

However, in the face of the fateful data from the oil sector, we have the rise of renewable energies, which during the months of confinement and pandemic has seen the investment and sale of large renewable projects not slow down. Furthermore, forecasts warn that this trend will not change in the near future.

In fact, if we take a look at the numbers, we see how companies in the renewable sector such as Acciona, Iberdrola or Siemens Gamesa have been one of the few Ibex companies that have managed to end the year with increases. Energy companies that have also opted for clean energy in recent years, such as Naturgy or Endesa, have also managed to cushion their losses.

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Industrial Engineer | General Director of the International Graduate School

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