coronavirus

In the face of the Covid-19 economic crisis, companies and investment firms are looking to buyback existing solar systems from businesses in exchange for ready cash and decent terms.

The Sustainable Australia Fund is launching special financing terms for the solar industry to mediate the impact of Covid-19. The terms seek to put immediate cash savings in the hands of businesses.

The CSIRO recently told its Energy Business Unit that shortfalls would see approximately 20% of jobs cut despite the Government’s much-awaited Carbon Reduction Roadmap pinning our hopes on technological innovation.

As Australian governments ready and implement economic stimulus and recovery packages in the face of the Coronavirus outbreak, the Clean Energy Council is calling on them to back renewable energies. Clean energy can stave off economic impacts and pave the road to recovery.

Byron Bay’s Smart Energy is seeing an unprecedented surge in sales and enquiries of solar and home storage as consumers look to shore themselves up in uncertain times.

The Australian Government’s “Economic Response to the Coronavirus” incentivises commercial and industrial solar PV uptake.

The COVID-19 outbreak has disrupted the global PV supply chain. China, the largest manufacturing hub for solar products, has postponed factory openings in many regions, as it has been hit by logistical hiccups, staff shortages, and delivery delays. Manufacturers in some Chinese provinces are running under capacity, while those overseas are facing the same situation.

Many solar factories in China are starting to resume production, suggesting that concerns about supplies of PV components could soon begin to ease. Nevertheless, the temporary standstill will have an impact on the global solar market, as the implementation of some projects will probably be postponed until next year.

As the outbreak takes its toll on solar panel and battery manufacturing in China, Australia is bracing for disruptions in the supply chains.