How does 2023 look for the renewables industry compared to 2022?
2022 was marked by several major events that will influence the energy and renewables industry in 2023 and potentially beyond.
The most crucial one was obviously Russia’s invasion of Ukraine, which led to elevated commodity prices around the world. Although in the short term there has been a lot of focus on fossil fuels, especially for natural gas supply this winter and next, longerterm governments are looking to aggressively diversify their energy sources and increase energy security by all means necessary. This increased government support for renewable energy favored policies such as the Inflation Reduction Act (IRA) in the US and REPowerEU in Europe.
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