Coronavirus: US solar PV supply chain and utility-scale market risk
The coronavirus (COVID-19) pandemic has raised a significant amount of uncertainty across the global economy. The US utility-solar market is no exception. This report uses scenario analyses to illuminate the risks in solar component supply chain and project development, and quantify their impacts.
Selected findings include:
- In our best-case scenario (one of several scenarios outlined in this insight), we expect up to four weeks of supply delays impacting a few hundred MWs of modules and inverters, which, combined with construction disruptions, could translate into as much as 2 GWdc of project development delays in 2020.
- Mid-stage projects may see the highest risk of project delay, but pipelines will spill into future years with only a marginal risk of project cancellations.
Wood Mackenzie is dynamically monitoring the impact of COVID-19 on the power & renewables space. If you're looking for updates across industries, WoodMac's weekly Coronavirus Impact Update insight covers new developments across wind, solar, storage, power, and electric vehicles (brochure here).