UN SDG #7 Affordable and Clean Energy UN SDG #7
challenge
0 shares
The Economic Shock of Covid-19 Derailed Progress of the Energy Sector
The impact of the pandemic is slowing down construction activity on renewable projects. Lockdown measures in many US states require non-essential workers to stay at home. This will further affect developers who need to complete utility-scale renewable projects by the end of 2020 to meet contractual obligations under policy programs.
challenge
0 shares
The Economic Shock of Covid-19 Derailed Progress of the Energy Sector
The impact of the pandemic is slowing down construction activity on renewable projects. Lockdown measures in many US states require non-essential workers to stay at home. This will further affect developers who need to complete utility-scale renewable projects by the end of 2020 to meet contractual obligations under policy programs.
the problem
Nature and Context help
In the United States, wind developers are in a tough situation, as they are required to ensure projects are operational by 2020 to receive production tax credits. Any delay in components or construction puts companies at risk of missing these deadlines and thus important financial incentives.
Symptoms and Causes help
the impact
Negative Effects help
Economic Impact help
Success Metrics help
who benefits from solving this problem
Organization Types help
Stakeholders help
financial insights
Current Funding help
Potential Solution Funding help
ideas
Ideas Description help
Ideas Value Proposition help
Ideas Sustainability help
attributions
Data Sources help
Contributors to this Page help
Giving Tech Labs Team - Giving.tech