Renewable Energy Market 2021 Bangalore
2021 Jan 144m 35s
According to the experts of Borg Energy India Pvt Ltd Bangalore, the COVID-19 pandemics taken a hard toll on our lives, transformed the economy, reshaped industries, the renewable energy market is not left out. The IEA forecasted that global energy will flip upside down by 13% as compared to 2019 as a result of the lockdown measures, disruptions in the supply chain, and the global recession. “However, we can still say 2020 was a good year for renewable energy as opposed to the expectations,” experts of Borg Energy India Pvt Ltd Bangalore says. The global renewable energy market recording a higher demand for renewable energy, especially in the US and China. In fact, a whopping 90 percent of electricity generated in 2020 was renewable energy. 2020 wasn’t a negative one for the environment after all but rather a banner year in terms of growth. Where does the industry stand in 2021 and what are the trends to look out for?