Renewable Energy Development
- 10000 Piece / Pieces per Month
- Tianjin, Shanghai, Shenzhen
- T/T
- 30 days
- Economic price 100w 200w 300w 400watt ABS Housing Solar Cell All In One Integrated Solar Street Light
- Wall Mounted Lifepo4 51.2v 100ah 200ah Lfp battery for Solar System
- 10kwh 20kwh Home Solar Lithium 48v 200ah LiFePO4 Battery
- Residential 5kw Complete Solar Panel Kit For Home Solar Power System With Lithium Or Lead Acid Battery
- Home Hybrid Solar 10KW 40KW 50KW Whole Set Kit Solar Energy System Home Hybrid Solar Power System
- TENTEK TON-5150S stackable solid-state Lithium battery
Product Details
Brand Name: | Zenergy | Place of Origin: | China |
Product Description
Renewable Energy Development
Slump in Oil Prices Has Advantages and Disadvantages for Renewable Energy Development
Recently, Saudi Arabia and Russia injected a large amount of oil into the market, and oil prices have fallen below the $ 30 / barrel mark. This price slump may have a profound impact on the global transition to clean energy.
Traditional logic holds that low oil prices are bad news for renewable energy. First, it means lower gasoline and fuel prices, making electric vehicles and biofuels less competitive. It also means that some oil companies may shift their focus to natural gas production and drive down prices, reducing the competitiveness of solar and wind energy as a source of electricity. At the same time, the economic impact of the plummeting oil prices on oil giants and governments will also pose a threat to renewable energy. If governments and oil giants are forced to cut spending, renewable energy investments and subsidies are likely to be among the first to be cut.
According to Fatih Birol, the head of the International Energy Agency, the plunge in oil prices will definitely put downward pressure on the demand for a clean energy transition. At the same time, due to the economic slowdown, Bloomberg New Energy Finance (BNEF) expects global solar demand to decline significantly.
Although renewable energy investment has been rising rapidly over the past 10 years, by 2018, investment growth has begun to slow. Taking these factors into account, the plunge in oil prices is likely to have a short-term negative impact on the global energy transition.
However, in the long term, the recent plunge in oil prices may accelerate the use of clean energy. In the past few years, the market has been advocating the ESG investment trend. Renewable energy has become increasingly competitive. Some non-renewable energy projects have difficulty obtaining approval due to concerns about investment in distress. Today, as oil prices fall below $ 30 / barrel, oil and gas projects can no longer earn higher returns than clean energy projects.
It is worth noting that before viable clean energy solutions are proposed, oil demand and prices will rebound and new projects are undoubtedly needed. But the second plunge in oil prices in six years has highlighted market volatility and the steady value of renewable energy solutions. As global attention shifts from fossil fuels to clean energy, competition for clean energy is becoming increasingly fierce. Oil giants and governments are redoubled efforts to diversify energy investments.
The above information is provided by hybrid grid system design company.
Contact Us
- Zenergy Tech Co., Ltd.
PID | Storage System | NEWS |
- TENTEK On/Off Grid Microinverter 300W-2000W
- Office, House, Home Solar System Complete Set with Panels, Energy Storage Battery and Inverter
- V600 Solar balcony energy system home PV battery power use saver waterproof
- 15 KW Solar System 710W solar panels
- 15 KW Solar System 550W solar panels
- 15 KW Solar System 400W solar panels
- 12KW Solar System 710W solar panels
- 12KW Solar System 550W solar panels
- 12KW Solar System 400W solar panels
- 8KW Solar System 710W solar panels
- 8KW Solar System 550W solar panels
- 8KW Solar System 400W solar panels
Popular Searches
Find Similar Products By Category
- Energy > Solar Energy Products > Solar Energy Systems
- Buy on GoldSupplier.com
- How to Buy
- Browse by Catagories
- Browse by Hot Regoins
- Private Sourcing Events
- Sell on GoldSupplier.com
- How to Sell
- Post Products
- Manage Products
- Manage Groups
- About
- About Us
- Link to Us
- Contact Us
- Sitemap
- Please Enter your Email Address
- Please enter the content for your inquiry.
We will find the most reliable suppliers for you according to your description.
Send Now-
sales
Welcome to my shop! Glad to serve you!Please send your question!
Your message has exceeded the limit.
Your message has exceeded the limit.
-
-
Your inquiry content must be between 20 to 5000 characters.Send Now.
-
Please input the mailbox.
-