Renewables industry must 'build back trust' says green power giant's CEO - Recharge
Renewables industry must 'build back trust' says green power giant's CEO | Recharge
The CEO of one of the world’s biggest renewable energy developers said the sector has to “build back trust” amid sinking share prices and negative headlines around the industry.
Miguel Stilwell d’Andrade, chief executive of EDPR, said companies such as the Portugal-based green power giant need to give detailed information on the outlook for their businesses and the wider sector to rebuild confidence that has taken a knock in the last 18 months.
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.