Present and future impact of COVID-19 in the renewable energy sector: a case study on India

The breakout of the Coronavirus Disease (COVID-19) toward the end of 2019 and its culminating transformation into a global pandemic sent shockwaves across the nations. Not only people lost their lives to it, but also numerous industries and governments as a whole succumbed to its impacts. To prevent the spread of the disease, many countries have resorted to observing country-wide lockdowns, damaging the normalcy of their economy. The world economy has seen new lows by trillions of dollars during this period, giving rise to times of constant anxiety about the future. The renewable energy sector, which has always been one of the leading areas to promote sustainability in terms of the environment, too is not spared from being affected by the pandemic. An amalgamation of the effects of the pandemic on the global economy and fluctuating oil prices resulting from country-wide lockdowns across the world further triggered its impact on the renewable energy industry. This work highlights the extensive impacts of COVID-19 on the renewable energy sector of India, a country that has proved itself to be proactive and progressive when it comes to solutions toward sustainable development. It showcases the present impacts of the pandemic on the sector and highlights future projections of the way it may continue to affect this sector as the world continues to struggle with the pandemic. The authors have brought up a set of their opined regulations that the administration and policymakers of the renewable energy sector of India can adopt to avert or reduce the extensivity of the impact of COVID-19 on their sector.