The economic repercussions of the COVID-19 pandemic could cause widespread disruptions in the energy sector, tightening demand, jeopardizing supply chains, diverting regulatory attention and negating previous growth forecasts for solar and storage deployment, according to financial analysts and industry experts.

The novel coronavirus outbreak will be a “significant global crisis, triggering an economic slowdown” — which will likely affect the broader clean energy transition, including renewables, energy storage, and electric vehicles, analysts at BloombergNEF said in a report published last week.