COVID-19 has caused unprecedented renewable market dynamics. In contrast to the plunge in global demand for fossil fuels, the renewable sector is gaining real momentum.
In light of falling costs of renewable energy technologies has made green energy increasingly competitive, we will look at vertically integrated PV companies’ ever-expanding capacity and the correlation between costs and size trends as well as efficiency improvements. As the price of battery falls, we will also explore the rapidly growing deployment of electric vehicles and how to drive battery costs down to support the development of grid energy storage.
Finally, we will delve into offshore wind market that has seen steady growth globally. In particular, Asia Pacific region has emerged as one of the fastest growing offshore wind markets due to supportive policy. And with cumulative installed wind capacity increasing, offshore wind costs are likely to plunge.