Wood Mackenzie: new crown outbreak or make Asia 150 gw of wind power, photovoltaic projects delayed or cancelled

Solar photovoltaic (pv) net news: recently, according to wood Mackenzie ( Wood Mackenzie) If the latest analysis of the new champions league pneumonia caused by the recession until 2020 years later, the asia-pacific region may delay or cancel as many as 150 gw of wind power and photovoltaic projects.

in the past five years, three quarters of the world's electricity demand growth from the asia-pacific region, the region in the annual photovoltaic power generation and the new wind power installed capacity in a leading position. However, because of Covid - 19 virus effect, the asia-pacific region of wind power and photovoltaic project process may delay about two years.

wood Mackenzie's research director alex. Whitworth ( 亚历克斯·惠特沃思) Said the new crown pneumonia for solar power network, the influence degree of the Asia Pacific market is the key to the future growth of renewable energy industry. “ The influence degree of the coronavirus in the Asia Pacific markets, is the key to the future growth of renewable energy industry. ” “ In the next few months will be decided to the region to rapid recovery is the key to long-term decline period. ”

whitworth said that renewable energy industry now need to pay close attention to the growth of the demand for electricity, solar and wind power installation of the specific terms of the credit, especially during the outbreak of the market. In the coming months is the most important key indicators including & other; Renewable energy cost competitive with fossil fuels as well as government support, including renewable energy market incentives & throughout; And so on.

power demand in the middle of two to three months, if then there & other; A strong recovery & throughout; , could lead to a drop in demand this year in the asia-pacific region 380 TWH, but wood Mackenzie further pointed out that if the disease cause long-term economic recession, so, in 2023, the asia-pacific region will face reduced 1000 terawatt hours of electricity demand. That's equivalent to nearly two years of economic growth in the region.

whitworth explained: & other; In our basic market outlook in 2020, the impact of wind power and photovoltaic power can be more robust growth in 2021 and offset support policies. ” “ But if the situation worsens, Asian developing countries ( India, Vietnam, the Philippines, Thailand, Indonesia and Malaysia) Renewable energy projects may be seriously affected by the rising cost of financing, at the same time because of the cost of the capital accounts for higher percentage, will face the foreign exchange risk. ” The weighted average cost of capital, every 10% increase of renewable energy equilibrium electricity costs ( LCOE) Increases by 8%. ”

in the protracted contraction, state support for renewable energy to ensure that the competitiveness of solar and wind energy in the entire Asia Pacific region will become more and more important. Whitworth said that during the recession, fossil fuel prices lower, after 2025, photovoltaic (pv) grid and renewable energy in most parts of the asia-pacific region can only be competitive with coal-fired power plants. “ This is the importance of government support, in the past five years, China and other major countries' government subsidies and preferential policy support of renewable energy, causing a huge increase in installed capacity, solar panels, but with the enlargement of the scale of investment in renewable energy, governments have begun to reduce or remove subsidies, make renewable energy projects under exposed to market forces. Considering the potential impact of the new champions league the outbreak, governments may need to rethink the withdrawal schedule of support, as well as the timing of the energy transformation plan. ”

Vietnam's department of trade and industry has proposed to extend the validity of the wind projects online electricity price subsidies two years to 2023, the solar power grid, and with the recently announced new feed-in tariff FIT, solar portal, subsidies extended to 2020, and China are discussing will plan after the deadline. However, these policies could affect the existing planning project, rather than a new project. In addition, according to the latest news, India's new energy and renewable energy has informed the solar energy project developers, who need interconnection project during the outbreak containment measures, the deadline will be extended to 30 days.

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw