Visibility on the performance of almost all leading PV module suppliers to the end of the first quarter of 2020 (31 March 2020) is now known, providing a first glimpse of what impact the COVID-19 pandemic has had on the sector, as most countries started to impose varying degrees of lockdown impacting businesses and ongoing operations.
German utility E.On has partnered with engineering major thyssenkrupp to plug large-scale hydrogen electrolysis plants into Germany’s grid using a renewables-backed virtual power plant (VPP).
Japanese telecoms giant Nippon Telegraph and Telephone (NTT) is plotting a major renewables play in the country, investing up to US$1 billion a year up to 2030.
An increasing number of banks are turning away from fossil fuels and towards renewable energy financing. As Catherine Early reports, despite the chilling effect of the coronavirus pandemic on the industry, hopes are high that a tipping point is nearing.
Arizona utility Tucson Electric Power (TEP) has set out plans to provide 70% of its power from solar and wind by 2035, backed up with investment in new energy storage capacity.
Additions have been made to support action on climate change through federal tax incentives in the proposed Congress bill to invest US$1.5 trillion in infrastructure across the US.
Solarcentury and Dutch banking firm Rabobank have reached financial close on a €20 million (US$22.4 million) deal to support the development of two utility-scale solar farms in the Netherlands.
