The flourishing renewables industry appears to be immune to Covid-19, according to leading North Yorkshire green energy firm Norstar.
Clean energy had defied the pandemic downturn which had hit all other areas of the power sector, revealed Rufus Salter, director of Easingwold-based Norstar.
Mr Salter explained that the global energy sector was “experiencing its worst year since the Second World War”.
“It has been reliably reported that the impact of coronavirus on the industry is seven-times worse than that of the global financial crash earlier this century,” he said.
Yet renewable power was bucking this trend. “Ninety per cent of global energy growth is coming from renewables,” he said.
“Renewable power is defying the difficulties caused by the pandemic, showing robust growth while others fuels struggle.”
“The resilience and positive prospects of the sector are clearly reflected by continued strong appetite from investors – and the future looks even brighter with new capacity additions on course to set fresh records this year and next.”
Norstar has recently teamed up with leading global counterpart European Energy to deliver green energy projects in the UK. Together the two firms are identifying and developing suitable sites to promote the green energy revolution across the country.
Norstar currently has more than a dozen solar farms across the UK in varying stages of development and is actively looking to add more to its portfolio. Ideally, these farms will be installed and commissioned on agricultural sites of 50 acres or more and leased for 30 years.
Mr Salter explained: “Green energy is an idea whose time has finally come. The Government has recently unveiled its Energy White Paper with a bold £4bn plan, aiming to eradicate the UK’s contribution to climate change by 2050.”