The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
More than a third of new US electricity generation expected to come online over the next six months could hit roadblocks as the coronavirus pandemic curbs power consumption and disrupts supply chains.
About 4.9 gigawatts, or 39%, of new utility-scale capacity will be “either cancelled or
indefinitely postponed†from April through September, said Energy Information Administration economist Tyler Hodge. Wind, solar and natural gas projects will be affected relatively evenly.
States with the largest slated additions during the period are Texas, California and Pennsylvania, he said.
“Supply chains, including both international and domestic, have been disrupted to some extent,†said Hodge.
The potential slowdown of new power supplies is a blow to the renewables industry that has become more competitive against low-cost gas.