Fallout from COVID-19 is disrupting both supply chains and demand in fast-growing solar industry

Industry experts are revising forecast metrics for 2020, as the global pandemic continues to grow


The global economic fallout from the growth and spread of COVID-19, the illness caused by the novel coronavirus, could include recessions in the U.S., euro-area and Japan.

It is now causing the slowest growth on record in China, as shutdowns have disrupted global supply chains for solar panels.

“If the virus outbreak lasts beyond the first quarter and spreads to more geographies, then it may very well slow down global renewable energy deployment,” said Ali Izadi-Najafabadi, head of analysis in Asia for BloombergNEF, which has downgraded its outlook for solar installations this year.

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