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Continued optimism, confidence and positivity – a mantra for the new energy world in 2021

It feels like we are starting 2021 with some cautious optimism – perhaps not as much as we would have liked, but I for one, am upbeat. Whilst Covid-19 continues in waves, there remains much to be positive about for us in the new energy sector.

Governments and companies have all taken steps or reported news of continued optimism, which against the wider macro and micro global news is very welcome. Commercially we have seen:

  • Positivity – good sales results for last year from companies invested in new energy, such as HVAC controls manufacturers
  • Confidence – whilst the rise of special purpose acquisition companies (SPACs) is a bubble, likely to pop, it is a display of belief in growth potential and momentum, especially in EV and storage space
  • Continuation – oil majors continue to transition their forecourt businesses to EV charging and wider decarbonisation

These signs of positivity is not to say things could not be better or go faster. The rebound of Brent crude oil prices in the first three months of 2021 raises the question of if companies will maintain their decarbonisation momentum and commitment, when financial pressures in the years post-COVID come into play.

Still, at Delta-EE we remain buoyant in our outlook. My colleague Lindsay mentioned in last quarter’s new energy letter, continued government announcements, and 2021 has brought more. Spain’s first climate change law, Greece’s uplift in its renewables target and The Netherlands new building regulations, are welcome counterpoints to naysayers or signs of pessimism.

We wait to see how the next nine months of this year progress – and hope to see how globally, we address decarbonisation.

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