Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
Generation from renewables in the UK soared in the first quarter of 2020, official statistics show, as the country’s shovel-ready renewables pipeline continued to grow rapidly.
Meyer Burger has selected former manufacturing plants owned by defunct, SolarWorld and Q-Cells SE in Germany to kick-start its recently announced plans to become a dedicated heterojunction module manufacturer and stop being a supplier of PV manufacturing equipment.
Spanish utility Iberdrola has landed €800 million (US$903 million) in funding from the European Investment Bank (EIB) and Instituto de Crédito Oficial (ICO) to spearhead new renewable energy deployment throughout Spain.
Corporate solar funding fell by 25% year-on-year to US$4.5 billion in the first half of 2020, but the decline could have been much starker, new analysis by Mercom Capital has found.
Fulfilling the European Union’s new green hydrogen strategy could need as much as 120GW of additional wind and solar to power electrolysers, the bloc’s need hydrogen strategy says.
