Evaluating the effect of the COVID-19 virus on the wind energy sectors

Abstract

The purpose of this study is to determine during the COVID-19 epidemic effects on wind and green energy and control the raising the cost of utilizing wind energy to power for country energy plants using the Levelized Cost of Energy methods. Objective 1) The COVID-19 pandemic can be provided through green financial policies such as coal pricing, transferable green certificates, and loans for wind energy markets. Objective 2) examined the cost of wind energy in china before and after the COVID-19 outbreak, using data from 100 wind energy projects constructed between 2014 and 2020. Based on results, wind energy's fixed average cost of electricity fell from 0.98 Chinese yuan in 2014 to 0.79 Chinese Yuan in March 2019, and subsequently to 0.75 Chinese Yuan in 2020, a 13.99 percent increase. Other results average electricity generation price down to 0.79 Yuan, 0.99 Yuan, and 0.79 Yuan and average carbon oxide emissions was 50 Yuan/ton increase. The green fiscal policies will be required during the COVID-19 epidemic to promote wind energy generation investment.