Does The Current Pandemic Situation Will Impact the Renewable Energy Sector?

The novel coronavirus 2019 has reset the global economy while the impact of the virus on the energy sector is no different. The slowdown and the lockdown have led to a remarkable decline in the demand for energy globally. While the after-effects of the pandemic are still being played out; there will be some impact on the renewable energy sector. 

The recent situation presents both opportunities and threats to the renewable energy sector. However, since the total energy generated using renewable sources is via an off-grid solar system or wind energy, the impact on this sector shall be rather low. Due to the slowdown in demand of renewable resources during this short-term, the number of new renewable energy projects may experience a slight downfall. In addition, the ongoing projects that have already been announced shall experience some delay altogether that will turn the demand of renewable energy at a low rate. 

-In the medium term, however, the demand for renewable energy is again expected to again reach the pre-pandemic situation and that shall lead to opportunities. The disruption of the supply chain has created a shortage of equipment like an on-grid solar system, panels for renewable energy providers in India. While this is negative for the short term, over the medium term, it has led to an excellent opportunity for the local manufacturers of equipment for renewable energy. Indigenous companies manufacturing equipment for renewable energy shall now be able to gain a foothold in this market.  An increase in the local supply of equipment shall give a boost to renewable energy production in India and other emerging economies.

The reset of the energy demand caused by a pandemic is a once in a lifetime opportunity for countries like India to pursue clean-energy more aggressively. The pandemic has made governments globally realize the importance of public health on the accelerating switch from the polluting fossil fuel economy to the renewable energy economy. The governments shall focus on providing incentives, subsidies and stimulus packages on the renewable sector to move away from the adverse effects of fossil fuels. 

For India, specifically, over the medium term, this pandemic offers tremendous opportunities. Since the oil prices shall be much lower, it will free-up the government’s resources w.r.t foreign reserves. The government may use these resources to give a boost to renewable energy, as a means to focus on long-term public health. These incentives and subsidies would help develop a complete ecosystem of renewable energy right from equipment manufacturers to service providers. Globally, the pandemic has made people realize to de-risk their entire supply chain from a single country. This shall provide new opportunities for the renewable energy sector in India to export their products and service globally in the post-pandemic world. 

All the after-effects of the pandemic would be realized once the situation is restored to normal post the pandemic. However, the short-term is going to be extremely difficult for the renewable energy sector globally. Reduction in overall energy demand, supply chain disruptions, unavailability of inspectors, servicemen and installers shall lead to short term adversity for the entire sector. However, the pandemic has created a tremendous opportunity for the governments over the globe to come together and focus on public health by giving a boost to global renewable energy demand through incentives and subsidies. For India, over the medium term, as a means to de-risk the supply chain, the pandemic shall open opportunities for renewable energy equipment manufacturers. 

Power Cuts: Are Solar Panels Efficient Enough To Handle Them?

Solar energy is the best alternative energy in our homes. It is efficient, clean as well as abundant, and it is not used up. However, its only drawback is the reduction of efficiency during rainy and cloudy days. Because of its increased demand, there are a lot of Doing It Yourself at-home solar energy systems in the market. This makes it easy for you to generate energy to power your home at your property.

However, before you can decide on buying the product, you should do some initial evaluations. Home solar energy systems will require investments, and you will wish to recoup your investment within an affordable time frame. During the solar panel installation period, you do not need to move your family out to another house, and this is likely to cause you extra costs required for dismantling and rebuilding the system.

Therefore when it comes to installing the solar panel, there are some mysteries involved. Like other things, the easiest method will arise from doing some research to get the best recommendations tools as well as products. Then after getting that, you can get down into putting down your effort.

Solar panels have some problematic tasks in accomplishing and installing the panels around your home. However, the solar panels are great to help in reducing the monthly electricity expenses significantly. To some extent they can eliminate the costs wholly based on the size of the solar panel selected and the amount of power you require and use at home.

Today, everybody who does not live under rocks or in a cave understands that solar panel has overtaken the leaps as well as bounds for many months. On the contrary, the fact remains this has been happening for the longest time possible. This means that the solar, panel still plays a significant role in increasing energy in the future and reducing the power consumption expenses.

The costs of remaining dependent fossil fuels instead of that of renewable had started to increase. However, sun and wind still can provide the ever-increasing portion of day to day energy for the consumers, especially those who are vulnerable to electricity.

Solar panel, regardless of one or dozens, they reduce the cost of electricity significantly. It, however, does not matter whether the solar panels are manufactured commercially or made for homeowner use.

With the availability of many solar panels suppliers, and the decreasing of the prices of the solar panel. Solar power has started to make sense each day. It is not only the electricity prices that should drive you to the use of solar panels. It is with no doubt that lowering your monthly electricity bill is a great attraction to more benefits that accrue. This is because of the ongoing deployment and use of solar power.

Creating your solar panels is very easy, and it is during this time that you will realize the best cost-saving strategy. It is not only the costs of solar panels installation that are low compared to that of the commercial model, but you can also install one as soon as possible while adding others at the time when your family budget allows you to do so. Once your first panel starts working, you will start seeing the saving that it brings to you through reduced electricity bills

Finally, installing a solar panel at your home is the best way of reducing the monthly electricity bill expenses. Therefore it is worth your money. Although it may be hard to know which one is suitable for your home, you should consult experts to ensure you select the best solar panel since the set up will last for many years.