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.
‘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.
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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
‘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'.
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.
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.
