Wood Mackenzie downgrades its forecast for 2020 installations from 129.5 GW to 106.4 GW, a reduction of 18%

Construction and development activities are slowing down as countries around the world enforce unprecedented lockdown.


The rapid spread of the Coronavirus pandemic (COVID-19) has affected nearly every corner of the global economy. Earlier reports have stipulated a possible impact on the solar industry.

A new report by Wood Mackenzie (WoodMac), an industry market intelligence firm, confirms and states how the outbreak of COVID-19 will significantly impact the global solar PV market.

Construction and development activities are slowing down as countries around the world enforce unprecedented lockdown.

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