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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
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.
Mixed reaction greets move by Boris Johnson's government to sidestep renewables even as it pledges investment in EV infrastructure, carbon capture and storage and nuclear fusion.
PV reps hail 'promising' appointment of Alok Sharma to lead Department for Business, Energy and Industrial Strategy (BEIS), following the sacking of Andrea Leadsom.
The momentum behind subsidy-free, utility-scale solar developments in the UK has continued to gather, with new names and familiar faces alike demonstrating their commitment to the market.
Firm raises further US$118 million through NPIII's second close and is eyeing a 2.5-3GW pipeline, telling PV Tech of plans to complete fundraising by year-end.
A new joint venture between a UK-based asset manager and a Danish renewables investor has been signed to fund a 500MW solar and storage pipeline in the UK.
