Coronavirus lockdown to take a toll on U.S clean energy sector
Category: #energy-and-environment  By Saipriya Iyer  Date: 2020-05-04
  • share
  • Twitter
  • Facebook
  • LinkedIn
Coronavirus lockdown to take a toll on U.S clean energy sector

The U.S. renewable energy industry is one of the major impacted sectors amidst the ongoing coronavirus pandemic. Several construction projects are put on hold and thousands of skilled laborers are forced to face the wrath of layoffs and job cuts. This is making people, as well as organizations, worry about planned wind and solar energy projects.

Reportedly, some local agencies in locked-down California that issue permits for new projects have recently closed down temporarily, while some solar firms have decided to furlough installers. Trade groups claim that more than 35,000 jobs in wind and 120,000 jobs in solar could be at risk.

Meanwhile, in New Jersey and New York, Thomas Werner, CEO of SunPower, decided to halt the installation of over 400 residential solar systems in order to ensure worker safety.

Commenting on the current scenario, Abigail Ross Hopper, President, Solar Energy Industries Association, said that numerous smaller firms are currently going out of business. In fact, nearly half of the association’s jobs are at risk.

However, leaders are positive about the bright future of the renewable sector. Nevertheless, worldwide slowdowns are prolonging the world’s effort to transition into cleaner energy. As a result, scientists fear that a delay in this transition could accelerate climate change.

Even though some states are planning to reopen these firms, executives fear that work disrupted by social distancing and layoffs as well as diminished incomes would bring lasting damage.

Elaborating on the epidemic’s impact on wind energy, Tom Kiernan, CEO, American Wind Energy Association, said that the wind industry had a great tempo up until the past month or two. Such a reversal in growth is problematic and stunning at the same time.

As for residential solar business, it has received some detrimental dents under this crisis, as door-to-door sales are no longer an option. Besides, potential customers are also busy watching their wallets. Meanwhile, businesses with commercial prospects are also witnessing a slump.

Source Credit: https://news4sanantonio.com/news/nation-world/scientists-worry-slowdown-of-solar-and-wind-energy-will-accelerate-climate-change

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Global Wooden Furniture Market by Key Players, Countries, Segments and Application, Forecast to 2027
Global Wooden Furniture Market by Key Players, Countries, Segments and Application, Forecast to 2027
By Saipriya Iyer

Global wooden furniture market is poised to witness a tremendous growth over the projected timeframe of 2020 to 2026 on account of rising number of residential and commercial construction activities across the globe. Alongside, increasing consumer in...

Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
By Saipriya Iyer

Global Cladribine Market Research Report: Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2026 Executive summ...

Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
By Saipriya Iyer

Global Cardiovascular Disease Drugs ?Market report 2026 focuses on the major Types and Applications for the key players. Global Cardiovascular Disease Drugs market research report also provides analysis of the market share, segmentation, revenue fore...