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COVID-19 could (and should) be addressed as an amazing opportunity for the solar sector, not a threat

Gil Karie's picture
Head of Innovation Ignite Power

Gil Karie is the Director of Innovation of Ignite Power, a leading Pan-African developer and financier of solar solutions, providing more than a million users through Africa with sustainable and...

  • Member since 2020
  • 4 items added with 3,009 views
  • May 19, 2020
  • 679 views

Many executives are concerned about the consequences of the COVID-19 crisis, warning that the solar sector is facing an unprecedented threat. Do you also think that it can actually be the other way around?

 

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Matt Chester's picture
Matt Chester on May 19, 2020

With many investors affected by the global economic crisis, donations and investments are likely to be cut. This might have a devastating effect on large grid projects for massive infrastructure that cost tens of millions of dollars.

Off-grid companies will be able to fill in the gap quickly and affordably with their on-the-ground operations and solar energy systems to claim a massive chunk of the market.

I can see the value of this in the immediate terms, but will it be a long-term plan? I'd have to imagine the best possible electrification of these areas will still come with investment in grid infrastructure, would it not?

Bob Meinetz's picture
Bob Meinetz on May 19, 2020

Agree, Matt. And in more immediate terms: maybe our attention should be more focused on mitigation of COVID-19 and making a vaccine available, than viewing it as an amazing opportunity to sell solar panels.

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