Power markets prefer renewable energy amid falling demand: Moody’s
New Delhi: The clean energy transition might be accelerated due to the covid-19 pandemic that has shown that power markets prefer renewable energy amidst falling demand, a Moody’s report suggests. “Coal generation has continued to decline, while renewables have shown more resilience across major markets in the US, Europe, China and India,” stated the report. The power demand in India has fallen by 20% due to the lockdown, with most of the impact on coal generation, they added. Both corporate as well as household power demand are expected to be…