Solar projects hit with delays and price increases

PwC has released a report looking at the impact COVID-19 is having on Australia’s renewables and solar sector, which found that the virus outbreak will impact manufacturing and the supply of key equipment and materials used in the construction of solar energy facilities in Australia. 

Energy Magazine is reporting that the report found, “Contractors under Engineering, Procurement and Construction Contracts (EPC Contracts) are currently dealing with the delay or disruption in procurement of the necessary equipment and materials, with PwC aware of some EPC Contractors notifying Project Owners of delays to construction timelines, milestones and completion dates.”

In Australia, it found that solar projects are experiencing delays in the supply of key equipment, as well as short term price increases.

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