Supply chain delays will not trouble developers as much as return-crippling exchange rates, says consultancy Rystad Energy as it trims PV annual growth forecast from 140GW to 126GW.
Move by EU leaders to push ‘green transition’ into heart of pandemic recovery plan comes as reports of supply chain impacts spread across the bloc's major PV markets.
Country is ‘ready to go’ but will hold off until the crisis subsides, state secretary João Galamba tells PV Tech as he confirms details of tender designed to offer storage a fighting chance.
‘Solar Module Super League’ (SMSL) member, GCL System Integration Technology (GCL-SI) is to build a 60GW solar module megacomplex in Hefei City, China at a cost of approximately US$2.5 billion over a four-year period.
Plan by California Public Utilities Commission hinges upon the roll-out of high volumes of solar (11GW) and battery storage (8.87GW) in US state hit by outages in recent years.
German parent of green energy developer BayWa r.e. says it is ‘well positioned’ in year where unit will seek new shareholders and work to deliver 690MW solar pipeline.
Sector can contribute to economic recovery of pandemic-stricken nation if state acts to extend deadlines and counter the delays virus is creating, says association ANIE Rinnovabili.
JP Morgan’s majority-owned multinational independent power producer (IPP) Sonnedix has brought online a 38.7MW PV plant in southern Japan, while an analyst has said the country’s solar industry continues to target cost reductions to bring it in line with global levelised cost of energy (LCOE) figures.
‘Solar Module Super League’ (SMSL) member discloses that its manufacturing operations in Jiangsu, China had suffered an outbreak of COVID-19 that had necessitated a temporary partial shutdown.
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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
