The International Energy Agency’s executive director said Thursday that with an historic $400 billion decline in overall energy investment in 2020 expected, the global power sector will account for almost $80 billion of that, “a record 10% drop that takes spending down to the level it was at a decade ago.” At the start of 2020, many companies and investors were optimistic that this year would bring a boost to capital spending in the power sector, with renewables, grids and flexibility options like storage set to benefit, the IEA said in a report released Wednesday. “However, the economic crisis that unfolded with the spread of the COVID-19 pandemic has […]