Business
Here’s how ASX renewable energy shares have performed in 2020
Last week, we covered how the ASX energy sector has had a year to forget. Massive and rapid changes to how we all move around in 2020 resulted in oil prices falling below zero for the first time ever in May. That meant ASX energy shares did not have the best year.
But the same cannot be said for those companies that dwell in the renewable energy space. Renewables have, in contrast to fossil fuels, had a great year by all accounts. Here’s a summary of how some of the most popular ASX renewable energy shares have performed in 2020:
| ASX renewable energy share | YTD share price gain (as of 29 December) | Market capitalisation |
|---|---|---|
| Tilt Renewables Ltd (ASX: TLT) | 89.57% | $2.12 billion |
| Meridian Energy Ltd (ASX: MEZ) | 52.5% | $17.43… |
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