Can the energy crisis power renewables past their headwinds?

Renewables continue to see headwinds

clock • 3 min read

Wind and solar energy could offer greater stability in cost terms and aren’t as exposed to geopolitical tensions but investors remain hesitant, writes Ian Aylward

With oil prices soaring, consumers have started to look for ways to cut down their costs. One result has been a resurgence of green technology. Electric vehicles had record sales in the UK in March and now make up 23% of the new car market. Heat pump sales also jumped in the first quarter of the year in Europe, with a marked 34% increase in Germany, according to the European Heat Pump Association. These green technologies are relatively straightforward ways consumers can save on energy costs through a single purchase, and can also, in turn, line the pockets of those who invest in the ...

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