French giant’s Q1 2020 results show minor dips in net income and revenues, with its renewables unit recording strong performance and expected to report ‘low impacts’ going forward
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.
Minister says country will ‘not give up’ on green energy ambitions despite pandemic, with deadlines eased as tender contracts are awarded to ground-mount PV and others.
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.
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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
Industry reps persuade France to split rather than fully postpone major solar auction in July while Germany acts to freeze deadlines for bidding green energy projects.
Group notes outbreak could see construction contracts postponed but insists it can reach 1GW-by-2020 installed capacity target, amid PV work in Brazil, Portugal, France and others.
Small-scale specialist will set sights on US and European projects after year of higher profits and revenues, net income losses and relocation from Shanghai to Connecticut.
Union of French firms will allow Voltalia to strengthen its offering to third party clients and Greensolver to leverage operational efficiencies and a larger business network.
Isabelle Kocher wishes energy giant ‘good luck’ as she steps down following reports of open conflict with company’s board, who has named interim team as it seeks full-time CEO replacement.
