The renewable energy industry will see a decline in growth this year but will recover and start growing again next year, the International Energy Agency has said in a new report. This year would be the first in two decades when new solar and wind power capacity additions will see a dip, the IEA said, noting that so far, the industry has demonstrated strong resilience to the consequences of the pandemic. Even so, many projects will be delayed, leading to 13 percent fewer solar and wind power capacity additions this year, compared with 2019. In 2021, however, total new renewable energy additions will recover to 2019 levels, not least because of two large-scale hydropower projects set to come online in 2021. This means that solar and wind will see slower growth for new additions than previously expected by the authority, and by as much as 10 percent. However, this […]