Renewable energy projects and investments used to be very elastic to oil prices movement. However that is no longer the case. In fact, even when oil prices tumble, demand for renewable energy only keeps growing. For instance, before the coronavirus pandemic, energy from solar power became very competitive even when oil prices were in the doldrums.
There was a clear recognition that use of the best form of energy and its associated technologies depends on more than just price.
Over recent years, renewable investments have become more resilient to movements in oil prices. Technology has