The slowdown of the global economy in 2020 is ultimately going to impact the guidance and forecasting offered by all PV manufacturers during the first couple of months of the year, prior to the effects of COVID-19.
European renewables investor The Renewable Investment Group (TRIG) has warned of a “material impact” from COVID-19 on its power price forecasts, contributing towards a cut to the group’s net asset value (NAV).
Group rolls out COVID-19 precautions as it starts building 126MW trio in Ciudad Real and expects to break ground on 264MW PV project in Extremadura in ‘coming weeks’.
A new peak solar generation record has been set in the UK, with the industry citing the pivotal role of a collapse in air pollution levels following the roll-out of lockdown measures.
Renewables generators have been reminded that power produced during extended periods of negative pricing cannot receive subsidy payments under European regulations.
Updated: High-performance PV manufacturer SunPower has idled all of its manufacturing plants located in the US, Mexico, France, Malaysia and the Philippines to restrict the financial and operational impacts of the COVID-19 pandemic.
Solar and storage among key drivers of a transformation IRENA believes could unlock US$98trn GDP boost, tapping into green principles to turn the page from this year’s economic shock.
Oil and gas major Shell is to ramp up its renewable energies division in order to decarbonise its operations and strive towards a net-zero-by-2050 target.
