For all their momentum, the clean-energy sectors — solar, wind, energy storage, and corporations remodeling the power grid — is not going to escape the COVID-19 downdraft. These industries face daunting questions on each facet of their enterprise, from provide chains to potential workforce shortages, to broader questions in regards to the economic system, demand for energy and the provision of finance.
Over the approaching weeks, Greentech Media will dedicate a lot of its journalistic efforts to the impacts of COVID-19. We’ll spotlight our most vital tales right here alongside different information and data that could be helpful to our readers. As all the time, keep up a correspondence and tell us how issues look on the bottom: email@example.com
Wednesday, March 25: Clean-energy trade teams confirmed Wednesday that the Senate’s stimulus invoice, the most important of its form in U.S. historical past, lacks extensions of the federal wind PTC and solar ITC. The trade will flip its consideration to the potential for future laws.
Wednesday, March 25: As Europe’s utilities, project builders and community operators take inventory, early hypothesis and guesswork on the influence of the coronavirus outbreak are giving solution to extra knowledgeable forecasts and detailed assessments. Some corporations, together with Ørsted and Total, have established devoted process forces to cope with the ever-changing circumstances.
Tuesday, March 24: The American solar and wind industries are pushing for extensions of their federal tax credit in any stimulus bundle to emerge from Washington, D.C. But there’s one other manner they might discover aid: The IRS might verify that COVID-19-related project delays are an “excusable disruption,” permitting initiatives to stay eligible for the federal Production Tax Credit and Investment Tax Credit whereas taking strain off the provision chain, consultants say.
Tuesday, March 24: WoodMac reduce its forecast for international wind installations this yr by 6.5 %, or 4.9 gigawatts. Shuttered manufacturing capability, closed borders and the specter of canceled or postponed tenders all play an element within the downgrade, which might hit main European markets hardest.
Monday, March 23: As the coronavirus outbreak empties workplaces throughout the U.S., the solar trade ready to argue it needs to be exempt from necessary shutdowns. Not each solar sector appears the identical: While utility-scale installers can extra simply fan out over a big space, residential installers should work together immediately with owners and cluster nearer collectively on a roof.
Monday, March 23: Pacific Gas & Electric reached a deal with California Gov. Gavin Newsom that might permit it to emerge from chapter by a important June 30 deadline. Newsom had challenged elements of PG&E’s plan to return out of chapter, however with the utility’s inventory value crashing and Californians below an unprecedented stay-at-home order as a result of COVID-19 pandemic, the governor agreed to elevate his objections.
Monday, March 23: The COVID-19 pandemic is inflicting sudden shifts in the best way we eat energy. What are the long-term penalties to power suppliers if this goes on for an prolonged time frame? This week’s podcast episode of The Interchange digs into that query.
Friday, March 20: As requires folks to remain house grew more and more pressing, Tesla introduced plans to shut two crops making electrical autos and merchandise for the solar and energy storage markets. Will different U.S. solar producers comply with go well with? Every Tier 1 solar module manufacturing unit within the U.S. is positioned in counties with confirmed coronavirus instances, stated Xiaojing Sun, a senior solar analyst at Wood Mackenzie Power & Renewables.
Thursday, March 19: Some offers, no less than, are nonetheless getting completed. Lightsource BP, the U.Ok.-based solar developer backed by oil big BP, tied up a $250 million finance bundle for a 260-megawatt solar project in Texas. Social distancing guidelines imply development staff aren’t allowed to group collectively for espresso breaks or different conferences. But Kevin Smith, CEO for the Americas, advised GTM he expects the project can be allowed to proceed rolling ahead.
Thursday, March 19: American society has made dramatic adjustments in response to the COVID-19 disaster. Why hasn’t it responded with related urgency to climate change — one other human-propelled international disaster that might hurt human well being and well-being for generations to return? This week’s podcast episode of Political Climate takes a glance.
Thursday, March 19: If U.S. wind and solar initiatives cannot end development this yr, many might lose entry to important federal tax credit which can be phasing down. The lobbying battle to stop that from taking place has begun.
Thursday, March 19: We’re going through an oil shock amid a pandemic, provide chains are nonetheless in disarray, financial gears are grinding to a close to halt, and nations are scrambling to place stimulus packages in place. This week’s podcast episode of the Energy Gang appears at how this may form the energy system.
Thursday, March 19: If a wind farm breaks down throughout a international pandemic, who can be there to repair it? Travel bans, provide chain strain and a pure inclination to defer upkeep throughout troublesome financial occasions might all dent the output of present wind farms, consultants say.
Wednesday, March 18: The world’sNo. 2 maker of wind generators closed a blade manufacturing unit after an worker examined constructive for the coronavirus, the second manufacturing unit it is closed in Spain. The facility can end up sufficient blades to construct 600 to 800 megawatts of wind capability a yr, or round 10 % of Siemens Gamesa’s international output.
Tuesday, March 17: Power utilities and mills face an array of dangers within the weeks forward, from energy “demand destruction” as economies gradual to tightening debt circumstances that might ripple by the commodity markets. Depressed electrical energy demand from industrial and industrial customers is one supply of concern. In distinction, residential power demand is “relatively more stable under economic distress,” in line with a Wood Mackenzie report.
Tuesday, March 17: Some politicians in Eastern Europe have known as on the EU to desert its Green Deal and focus on combating the unfold of the coronavirus. The debate has begun over whether or not COVID-19 is cause to speed up or decelerate the energy transition.
Tuesday, March 17: Last month, Sunrun CEO Lynn Jurich advised traders that residential solar might show to be a “countercyclical product,” doubtlessly creating an “urgency” within the gross sales course of as customers look to save cash. Given the best way issues are going, Sunrun and its friends will quickly be testing that idea.
Monday, March 16: Just a couple of weeks in the past, the largest COVID-19 concern for renewables seemed to be the provision of kit. Would there be sufficient solar panels, wind generators and batteries to satisfy demand and project deadlines, given the widespread manufacturing unit shutdowns in China? But with a recession now all however inevitable, the main target is shortly shifting to demand.