Having already guided expected GAAP net losses of US$145-195 million for 2020, high-performance PV manufacturer, SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
CEO Elon Musk claims the PV panel production line it closed Monday in New York will reopen ‘as soon as humanly possible’ to help make devices critical to saving those afflicted by virus.
‘Solar Module Super League (SMSL) member, Canadian Solar plans to increase module assembly capacity by 3GW in 2020, giving the company a total nameplate capacity of 16GW, while shipments were guided between a range of 10GW to 12GW for the year.
‘Solar Module Super League’ (SMSL) member concludes facilities in Ohio and Malaysia are exempt so far from government restrictions, while Vietnam factory remains 'not affected'.
IPP stands by its Q1 2020 power production forecasts and says it remains too early to predict any potential impact on solar project completion dates from the COVID-19 outbreak.
Government orders state, local and police reps to ensure staff are allowed to work at offices and access installations, the latest green energy reprieve by a country facing steep 2022 targets.
Firm believes long-term renewable growth is assured but trims €400m EBITDA guidance for next year, amid talk of pandemic disrupting construction timetables.
Attempts have failed to include an extension of the solar Investment Tax Credit in a significant stimulus package adopted in the US to shelter the economy against the ongoing COVID-19 crisis.
Spanish and Australian associations highlight renewables' key role in powering society as COVID-19 lockdowns tighten, with pooling resources and reducing worker travel on the agenda.
List of public interest workers includes those providing services that are “necessary to maintaining the safety, sanitation and essential operation of residences”.
