Renewables set to dominate in OECD countries says GlobalData

SMART ENERG INTERNATIONAL | As the solution for COVID-19 is far from near, this trend is expected to continue for the rest of the year as utilities will choose the cost-effective renewable sources over fossil fuels, according to data and analytics company GlobalData.

The impact of the crisis was felt the most in March 2020, as that was the time when lockdowns were being implemented. As per IEA, in March 2020, coal-based generation in OECD countries was 151.9TWh and solar PV generation was 32.65TWh. GlobalData expects that generation from renewables will be the preference for the next few months as electricity demand is expected to gradually pick up pace.

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