Badly hit by the COVID-19 crisis, New York State has opted to “dramatically speed up the siting and construction of clean energy projects” as one facet of its plans for economic comeback.
Preliminary data compiled by PV Tech highlights an unprecedented level of solar industry capacity expansion plans having been announced in just the first quarter of 2020, easily surpassing any total annual plans in the history of the industry.
Solar investor NextEnergy Capital (NEC) has continued its fledgling foray into the US solar market, completing on string of community assets across New York.
Firm vows to ramp up investment ‘as soon as possible’ after decree puts construction on hold in its home country, with a spokesperson telling PV Tech long-term funding is not expected to be hit.
ROTH Capital and Wood Mackenzie analysts have updated their outlooks on COVID-19's potential impacts on the US residential and utility-scale solar markets, respectively.
Firm had predicted €2.7-2.9bn net recurring income and double-digit growth of renewables unit this year but is withdrawing the forecast, amid talk of potential 'constraints' for green energy work.
Taking a more pessimistic view of the impact of COVID-19 on the end-market demand for solar installations in 2020, IHS Markit expects global installs to decline 16% to 105GW in 2020, compared to around 125GW in 2019.
Updated: US-based high-efficiency module supplier Solaria Corp has filed suit against ‘Solar Module Super League’ (SMSL) member, Canadian Solar, claiming patent infringement of its ‘shingled’ solar cell technology.
Bolsonaro government postpones renewables-only tender (A-4) and auction also open to conventional sources (A-6), putting at least nearly 30GW of solar bids in the air.
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.
