Coronavirus’ effect on the renewable energy sector

| March 12, 2020

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Both renewable power projects and conventional energy operations have felt the constriction of global supply chains, which are currently being limited in a global effort to fight and contain the spread of the virus. Many manufacturers of wind turbines and their critical components are based in Asia, such as Goldwind in China, as well as producers of photovoltaic panels and batteries (particularly lithium). Market reticence about bringing in products from affected areas has seen significant constriction in the importation of these materials and parts - the price of batteries has dropped by 60%, owing to the industry’s concentration in Asia.

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Govan (sw) Ltd

Heating & Renewables Contractor based in Cornwall. Scopeof works cover most of Devon and Cornwall. Contracts mainly with Government and Local Authorities.

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Article | March 16, 2020

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