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Title: Covid-19 restricts project finance market for renewable energy development
Source:Power Technology
Date:12 May 2020

The ongoing Covid-19 crisis is disrupting everyday life and causing major economic uncertainty. Globally, countries are implementing measures to restrict the transmission of Covid-19. The effect of such measures is having significant implications on various sectors, including renewables. Until the Covid-19 outbreak, the renewables sector enjoyed rapid growth supported by technology advancements, market competition between developers and suppliers, robust supply chain, growing investor interests and innovative business models along with the global agenda to embrace low-carbon power generation. Currently, the sector is likely to face a lean period with stakeholders along the value chain facing disruptions that threaten the sector’s growth trajectory. Renewable projects at various stages of development are exposed to the risks originating from the crisis caused by Covid-19. Projects are exposed to legal issues, logistics risks, personnel shortages, project development hurdles, and most importantly, shortfalls in financing.




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