In 2020, the Covid-19 pandemic is being held responsible for the drastic disruptions in the energy sector. The health crisis has aggravated the growth highly when compared to other factors like decarbonization, fossil fuel divestments, and climate change policies. Private capital companies, project investors, public markets, and institutional investors are now moving towards sustainable practices, assets, and businesses. People’s vision has aligned together out of nowhere, and it has led to the rise in investments for renewable energy. It is not surprising that wind energy is one of the easiest to tap among other sources because it is the most efficient for fuel generation. Investments in offshore winds have quadrupled to $35 billion in the first two quarters of 2020.
Wind power is also posing a threat to the environment because most of the wind turbine blades have reached the end of their lifecycle. Usually, the energy blades are made using the non-biodegradable fibers, which are hard to decompose. Wind energy is known for being carbon-free, and almost 85% of the components used in the turbine consist of copper wires, steel, and electrical gearings that can be easily reused and recycled. However, the turbine blades are still a threat to wind energy generation.