Firm finds PV power plant project merger and acquisitions were the only bright spot in the global solar funding sector in Q1 2020, as corporate project funding sharply declined year-on-year.
Consultancy cites project delays and financial fallout as it cuts its pre-pandemic 2020 global solar installation forecast by 18% from 129.5GW to 106.4GW.
Agency expects broader renewables will be fastest growing power source in 2020 despite COVID-19 but believes economic standstill will see PV additions dropping to 12.6GW.
Major polysilicon and wafer producer GCL-Poly Energy Holdings reduced losses in its Materials business segment in 2019 by continuing to reduce polysilicon production while boosting solar wafer capacity by 5GW.
COVID-19 has ‘exposed the vulnerability’ of value chains, says development bank as it advises other countries to develop domestic PV sector through standalone or collective action.
New roll-out figures and talk of cash increases come after leading US residential player acts to withdraw 2020 guidance, with media reports claiming around 100 staff are being let go.
Our live curation of latest news and developments charts how the pandemic is disrupting supply chains and the day-to-day business reality of solar operators worldwide.
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.
Grid operator REE says technology’s ‘flexing of muscles’ in March heralds strong summer, bringing a brighter turn of events for a sector that doubled installed capacity to 9GW last year.
PV manufacturing equipment specialist Meyer Burger has extended short time working initiatives deployed at its German operations to both its sites in Switzerland to reduce operating costs during the COVID-19 pandemic.
