Year-on-year price drops seen as lockdowns bring Spain and Italy to a halt could see investors tighten conditions for support to zero-subsidy plays, SolarPower Europe webinar hears.
PV and electronics equipment manufacturing and automation specialist is planning to resume manufacturing operations at its German sites after the Easter break, having closed three weeks ago due to the COVID-19 pandemic.
The sourcing of PV cells and modules from authorised providers was due to become mandatory for certain projects in April but the country is granting a six-month extension to help with COVID-19.
Firm finds PV power plant project merger and acquisitions were the only bright spot in the global solar funding sector in Q1 2020, as corporate project funding sharply declined year-on-year.
Consultancy cites project delays and financial fallout as it cuts its pre-pandemic 2020 global solar installation forecast by 18% from 129.5GW to 106.4GW.
Agency expects broader renewables will be fastest growing power source in 2020 despite COVID-19 but believes economic standstill will see PV additions dropping to 12.6GW.
Major polysilicon and wafer producer GCL-Poly Energy Holdings reduced losses in its Materials business segment in 2019 by continuing to reduce polysilicon production while boosting solar wafer capacity by 5GW.
Investor part of NextEnergy Capital group will restart construction of its subsidy-free pipeline “shortly” after insisting the COVID-19 outbreak is having a minimal impact on its operations.
COVID-19 has ‘exposed the vulnerability’ of value chains, says development bank as it advises other countries to develop domestic PV sector through standalone or collective action.
