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May 12, 2020

Covid-19 restricts project finance market for renewable energy development

By Agne Suipyte

The ongoing Covid-19 crisis is disrupting everyday life and causing major economic uncertainty. Globally, countries are implementing measures to restrict the transmission of Covid-19. The effect of such measures is having significant implications on various sectors, including renewables.

Until the Covid-19 outbreak, the renewables sector enjoyed rapid growth supported by technology advancements, market competition between developers and suppliers, robust supply chain, growing investor interests and innovative business models along with the global agenda to embrace low-carbon power generation.

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