World’s top asset manager cites appetite for ‘resilience’ in era of volatility as it smashes US$3.5bn target of GEPIF III fund, set to invest in solar, storage and other renewables and non-renewables.
The University of Pennsylvania has signed a long-term power purchase agreement to procure clean electricity from what’s claimed to be the commonwealth’s largest solar project.
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.
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.
Asia, US, Australia, Spain are among the highlights of year for which IRENA found 98GW of new solar installs, an estimate below the 110-120GW range offered by different analyses.
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.
Plan by California Public Utilities Commission hinges upon the roll-out of high volumes of solar (11GW) and battery storage (8.87GW) in US state hit by outages in recent years.
CEO Elon Musk claims the PV panel production line it closed Monday in New York will reopen ‘as soon as humanly possible’ to help make devices critical to saving those afflicted by virus.
‘Solar Module Super League’ (SMSL) member concludes facilities in Ohio and Malaysia are exempt so far from government restrictions, while Vietnam factory remains 'not affected'.
Attempts have failed to include an extension of the solar Investment Tax Credit in a significant stimulus package adopted in the US to shelter the economy against the ongoing COVID-19 crisis.
