Pandemic-Related Uncertainty In The US Solar Industry — And The Case For An ITC Extension
PV MAGAZINE, JEAN HAGGERTY
Renewable energy industry officials are hopeful that a post-pandemic comeback is possible in 2021, but much will depend on whether the Covid-19 disruption is short lived and on how future pandemic-related legislative activity pans out.
One thing that’s already clear is that the potential for supply chain difficulties cannot be ignored, particularly if there is a post-pandemic surge in demand.
“Supply chain issues haven’t played out yet,” said George Strobel, co-founder and co-CEO of Monarch Capital.
A lot of the materials for projects planned for this year were ordered in 2019. However, in a worrying sign, the virus has forced solar manufacturer SunPower to idle its factories and cut its workforces. Additionally, industry officials are already reporting project delays, and that projects are missing developmental milestones due to state and local permitting delays, having to work projects with smaller crews and difficulties related to traveling to sites, among other issues.
Read the full article here.
Related Posts
Kendall Sustainable Infrastructure with Monarch Private Capital, Advanced Solar Products, Independence Solar and Arcadia Begin Operation of New Jersey Community Solar Sites Serving Over 650 Households
Nov 27, 2023
Cambridge, MA – Kendall Sustainable Infrastructure (“KSI”) has begun operation of four new community solar projects totaling 4.4 MW and serving 686 households in and near Pennsauken and Moorestown, NJ. Partners […]
KeyState Renewables and Monarch Private Capital Close Nearly $100 Million Tax Equity Financing for Pine Gate Renewables’ Kentucky Solar Project
Oct 11, 2023
KeyState Renewables and Monarch Private Capital announce the close of nearly $100 million tax equity financing with North Carolina-based Pine Gate Renewables on the Glover Creek solar project near Bowling […]
Monarch Private Capital Secures Agreement with North Carolina Department of Revenue Honoring All NC Renewable Energy Tax Credits Reported by Monarch’s Investors
Mar 19, 2024
Monarch Private Capital, a leading impact investment firm renowned for its development, financing, and management of a diversified portfolio of projects generating federal and state tax credits, announced today that […]