The growth in renewable energy demand outpaces renewable energy supply in 2019, indicate the new statistics from the Association of Issuing Bodies (AIB).

«The European demand for renewable energy tracked and documented with Guarantees of Origin (GOs) grew at a brisk rate of 11.7% in 2019. This is up an estimated 61 TWh from 2018,” says Tom Lindberg, Managing Director in ECOHZ. «The growth in supply of renewable energy tracked and documented with GOs during the same period is estimated to only 3.5%, resulting in a significantly smaller surplus in 2019 than previous years. If the current development extends into 2020, the market will experience a rebalancing. This could have a direct impact on the pricing,” says Lindberg.