May 19, 2020 — Industry Trends
Corona and and its effect on renewables - April 2020
As many countries are looking forward to opening for business, we are being cautiously optimistic about the future. The renewables industry seems to be only marginally affected by the virus and we wanted to check how the availability across assets installed in the Greenbyte portfolio of renewables has fared in April 2020 vs April 2019.
As many countries are looking forward to opening for business, we are being cautiously optimistic about the future. It might still be a long time till everything gets back to “normal”, but in the meantime we will have to adapt to the “new normal” and challenge the old way of doing things to make the most of the situation.
The renewable energy industry had ambitious growth targets for the year 2020. The disruption in the supply chain has proved to be a hurdle in reaching these targets putting the deployment of new renewable energy assets at risk . However, in our last article on this topic, we showed that a majority of the already installed wind turbines did fare well compared to the same period in previous year.
We continue to monitor the impact of Covid-19 on the operation across the 30 GW Greenbyte portfolio of renewables. The metric we selected to use is Production-Based Availability. It measures how much energy could have been produced and how much energy was actually produced.
As was the case for March, the median production-based availability for April 2020 at 98.9% is very close to April 2019, which was 99%. The negative skew in the bottom quartile in April 2020 has gotten longer compared to March month. However, overall there is no visible negative impact of the pandemic on the operations of the wind turbines.
Hopefully we will not be writing the third installment of this article.