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Courtesy of ECOHZ
Despite alarming predictions, the market demand for renewables has continued to grow at a steady pace during 2020. The impact of lower industrial activity as a result of COVID-19 has been limited, and the European thirst for renewables seems unstoppable. This is reflected directly in the annual market figures of Guarantees of Origin (GO), produced by the Association of Issuing Bodies (AIB).
The overall tendency in the GO market is a robust and growing market demand, coupled with a somewhat stable supply situation. The market demand has grown by an impressive 8 percent from 2019 to 2020. This during a year when energy consumption and industry output has slumped across most of Europe. Annual growth (CAGR) from 2008 to 2020 is a solid 17 percent.
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Portugal
Austria
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Spain
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