Rapid Spread of Coronavirus Disrupts Solar Energy Sector

The coronavirus pandemic is threatening project schedules in the booming U.S. solar sector following a year in which the sector topped natural gasoline as the nation’s prime new power supply, based on a report featured on Tuesday.

Rapid Spread of Coronavirus Disrupts Solar Energy Sector

The fallout from the outbreak has affected both supply networks and demand in the fast-rising sector, and the president of the top U.S. photovoltaic industry group stated its yearly market report’s projection of 47% growth in 2020 will likely be ratcheted down in the coming weeks and months.

It was still too soon to inculcate the pandemic’s impact on the sector’s scope with certainty, the Solar Energy Industries Association stated.

 Solar corporations are facing not only disruptions to supplies of elements such as panels and inverters; however, labor shortages as Americans are asked to limit social contacts to reduce the spread of the Covid-19 or are forced to remain home because of school closures, Hopper stated. In the rooftop photovoltaic market, homeowners could also be putting large investments on hold in the meanwhile, she added.

The downturn marks a major about-face for the sector, which has been rising rapidly as states and companies seek to move away from fossil fuels amid rising concerns about their role in climate change.

The sector has 10 gigawatts of utility-scale tasks currently beneath development, the report stated.

In 2019, the U.S. solar sector installed 13.3 GW of capacity, a 23% increase from 2018.