Assessment of The Renewable Energy Offshore and Wind Energy Markets Affects During The COVID-19 Virus

The main aims of the current study are to determine during the COVID-19 epidemic effects on renewable and green energy and control the raising the cost of utilizing renewable 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 renewable energy markets. Objective 2) examined the cost of offshore wind power in china before and after the COVID-19 outbreak, using data from 100 offshore wind power projects constructed between 2000 and 2020. Based on results, wind power's fixed average cost of electricity fell from 0.98 Chinese yuan in 2000 to 0.79 Chinese RMB in March 2019, and subsequently to 0.75 Chinese RMB in 2020, a 13.99 percent increase. Other results average electricity generation price down to 0.79 RMB, 0.99 RMB, and 0.79 RMB and average carbon oxide emissions was 50 RMB/ton increase. The green fiscal policies will be required during the COVID-19 epidemic to promote offshore wind energy generation investment.