Overall, renewable energy growth was slower than last year, but consistent with the overall slowdown since 2016.Hydropower, which accounts for 60% of all renewable energy generation globally, remains the most uncertain because it depends on rainfall and temperature conditions. PV power generation is expected to grow the fastest (Figure 1), while the absolute increase of wind power generation is the largest.

The contraction in transport activity in the US, Europe and elsewhere will continue to weigh on biofuel consumption, with demand falling sharply throughout the year. The speed of economic recovery has limited impact on renewable energy power generation, but the epidemic prevention and control measures will affect the construction of renewable energy projects.