Coronavirus, or Covid, has brought the world to a standstill. With economies crumbling globally Enerhy daily life being severely altered, this global pandemic has posed a serious threat to the very existence of human life on this planet. With most of the businesses shutting down globally, the solar energy sector has also seen the drastic impact of this virus and has made leaders in every industry and arena rethink their future strategy one day at a time.
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However, due to the recent coronavirus crisis, there have been delays in the overall supply chain of manufacturing solar components and solar panel installation. The coronavirus outbreak has highlighted the fact that several countries including India are heavily dependent on China for solar component manufacturing and do not have a diversified manufacturing base that can cater to the demand in the light of any kind of crisis. Given the current statistics of the coronavirus crisis and its global impact on nearly all kinds of businesses, India can position itself as an alternative manufacturing destination for global companies and cater to the needs of the solar market.
India has become one of the top renewable energy producers globally and has committed itself to ambitious capacity expansion plans of achieving GW by and GW by due to its climate commitments.
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Moreover, the coronavirus outbreak is probably going to cause a hike in the prices of solar equipment unless urgent measures are undertaken. Moreover, a significant increase in the prices of solar power is expected because of the increase in the prices of solar photovoltaic modules, and the existing solar energy projects need a review in terms of their timelines for completion.
Hence, considering that any delays can adversely impact businesses at multiple levels and price hikes can cause huge losses to some of the best solar companiesIndia can and must act in the direction of becoming a strong alternative for manufacturing solar equipmentwhich will not only help in meeting the domestic requirements but also international.
Significant measures will be required to be undertaken to tackle the severe problems that the coronavirus outbreak has caused globally. By clicking "Submit" I agree that Suntuity or its authorized dealers can contact me at the number I have provided.
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