Solar and Covid-19
The outbreak of COVID-19 has been an unforeseen disaster that has shaken all countries across the globe and every industry. Growth in the solar energy systems, which was experiencing steady growth over the years also has not been left behind. With this pandemic now spreading across Africa, millions of lives stand to be affected. The reason for this is that solar energy in these developing nations is crucial in providing electricity needed to supply clean water and power healthcare facilities. Furthermore, electricity helps IT services and communication that ensures people remain connected and adhere to social distancing requirement.
However, every disaster brings forth several opportunities, and this also applies to the global pandemic that is ravaging across the globe. This is especially true for the solar industry, and in this article, you will be taken through a detailed guide on possible changes due to the spread of the coronavirus.
Solar Energy Ensuring Every Home Has Electricity
In the past, the world operated as a shared economy, but all this is about to change after the outbreak of COVID-19. Because the vaccine for this disease is not close to being developed, then it is expected for the next months and years, there will be a significant economic shift to what is referred to as an isolation economy. What this means is individuals will most likely start spending a greater amount of time in their homes. As a result, this makes the supply of electricity to homes vital than ever before.
This change will be most noticeable in African countries which are expected to take the leap to an isolation economy a lot quicker. For example, the millions of individuals who watched the news or charged their phones from a crowded shop will have to adjust their habits. They will instead opt to remain indoors, but without electricity, this prevents them from staying in constant communication with friends and family or listening to their radios. The lack of electricity in these homes also makes remote education impossible.
These set of circumstances have seen the need to hasten the development of solar energy systems, especially in developing countries. This is because the demand for every home having electricity has become essential, something which off-the grip firms are looking to capitalize and expand their operations.
Increased Significance of Domestic Production
Other than social distancing and health hazards, the spread of COVID-19 ha resulted in a considerable fall in cross-continental shipments and world trade. This has exposed the weakness of the hyper-global economic era. Because of this, companies and countries going forward will become less dependent on imports and instead shift their focus to domestic production.
This is great news for firms in the solar industry as it presents an incredible growth opportunity. The assembly and local production of solar energy systems will help shorten the processes and create numerous job opportunities. Consequently, this will lead to the growth and prosperity of regional companies.
Use of Solar to Support Medical Teams
The medical staff are on the frontline in this fight against the coronavirus. Therefore, different measures should be put in place to help the medical staff offer their essential services to sick individuals, most importantly, those in remote regions. In developing countries, these medical staffs lack necessary diagnostic equipment and tools due to underdeveloped health services. Because of this, the healthcare sector requires customized solutions and technologies, something which solar firms can offer.
The resources and infrastructure these solar companies have in place make them well-placed to access even the most remote areas. Thus, they can start new projects, and this includes solar energy systems that provide solutions to the needs of medical staff in such areas and personalized depending on personal preference. Likewise, they make sure to provide electricity to the homes at an affordable price.
The Demise of Costly Grid Projects
The spread of COVID-19 has affected most of investors worldwide. Thus, due to this current economic crisis, investments and donations might need to be cut. This is especially necessary because the cost of installing the massive grid projects is expensive ranging, averaging tens of millions of dollars.
Fortunately, all is not lost as this presents off-the-grid firms with an excellent opportunity to provide their affordable services faster. This is possible thanks to their already established ground operations which include solar energy systems to deliver power to homes and companies.
The Use of Solar Power to Guarantee Food Security
With almost every industry affected, the food industry has not been left behind with several changes also expected to take place. Countries have already started setting aside resources to invest in resources to make sure the domestic demand for food is met. In developing nations, especially in Africa, only a small percentage of land meant for agriculture is under irrigation. This presents solar firms with an incredible role to develop solar irrigation systems that will be used to increase the efficiency of crop production.
Increased Investment in Clean Energy
Countries across the globe are preparing for life after the COVID-19 pandemic, and one of the measures that are being implemented is switching to clean energy. These clean energy production methods such as solar energy systems are considered excellent at creating job opportunities. In 2018, the number of persons employed by the renewable energy sector stood at 11 million. However, according to the International Renewable Energy Agency, this number is expected to rise to around 42 million by 2050.
Subsequently, this helps boost the growth of local economies. The reason for this is that the off-grid and decentralized energy systems promote the growth of small businesses. Likewise, it provides another source for extra income. With the solar energy systems largely untapped, the spread of COVID-19 will change the perception in most of these developing economies.
COVID-19 has undoubtedly affected the economies of all nations across the world. This has resulted in the need to rethink how everything is done, including how electricity is produced. As a result, this has presented a massive growth opportunity for solar energy systems. The reason for this is that countries are trying to ensure social distancing is maintained, thereby curb the spread of this deadly virus.