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COVID-19: New renewables capacity to ‘fall 13%’

New installed renewables capacity will drop 13% this year to 167 GW as a result of the Covid-19 pandemic, according to the International Energy Agency (IEA).

The IEA’s ‘Renewable Market Update’ report, which was released today, said the projected decline reflects possible delays in construction activity due to supply chain disruptions, lockdown measures and social distancing guidelines, as well as emerging financing challenges.

But, the report said, overall global renewable power capacity will grow by 6% in 2020.

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