• How COVID-19 Is Impacting Renewable Energy Industry?

How COVID-19 Is Impacting Renewable Energy Industry?

  • May 12, 2020
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This year, the unprecedented pandemic has disrupted the world's economic market. In May, Europe, India and Southeast Asia gradually bring their economies back on track. At present, although the epidemic is under initial control, the economy has fallen into a weak state.
 
What does that mean to the renewable energy industry in the current situation? It is understood that a large amount of traditional energy has given its way to wind and photovoltaic power in the ongoing COVID-19 pandemic, as most countries have established a priority policy for renewable energy to feed electricity into the power grid. As a result, the proportion of wind and photovoltaic power in the power generation amount has been increased. According to statistics, in the first quarter of 2020, the use of renewable energy in all areas of the world increased by about 1.5% compared with that of 2019, and the generation of renewable energy increased by 3%. Perhaps this is the only good news that gives PV practitioners a great relief in the pandemic.

How COVID-19 is impacting renewable energy industry?

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