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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
Germany-based LPKF Laser & Electronics AG has told PV Tech that its manufacturing plants in Germany are able to operate at normal capacity levels, despite the continued impact of COVID-19.
Italian utility Enel has been forced to close the solar manufacturing operations of subsidiary 3SUN after Italian government directives on 22 March 2020 ordered closure of all non-essential production facilities nationwide.
Major semiconductor and specialist solar equipment manufacturer withdraws its business outlook for its FYQ2 as pandemic hits supply chain and manufacturing operations.
The Solar Energy Industries Association (SEIA) has warned that support is needed for approximately 250,000 people that directly work in the US solar industry as COVID-19 could impact as much as 50% of the sector.
China-based PV manufacturer Yingli Green Energy reports the departure of four of its independent directors, who left their positions effective March 6, 2020.
European Climate Law draft criticised over move to make 2050 climate neutrality goal binding but leave 2030 goal undecided until September, with PV industry group urging EU to solve grid and planning bottlenecks.
Taiwan has extended PV power project completion dates on component shortages caused by the coronavirus (COVID-19) outbreak in China, while India is expected to advise policy changes soon.
Exports of solar products from China in January 2020 were around 35% lower than in the prior year period, according to an accumulation of official export data, recently released.
South Korean solar-grade polysilicon producer, Hanwha Solutions is to exit the business by the end of 2020, following OCI’s decision to shutter polysilicon plants in the country.
