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.
Massachusetts has issued an emergency regulation to its Solar Massachusetts Renewable Target (SMART) programme, that includes doubling the PV capacity it seeks to help deploy as well as mandating the addition of energy storage on projects over 500kW.
‘Solar Module Super League’ (SMSL) member Canadian Solar has dismissed patent infringement claims regarding its IP on shingled-cell solar modules made by Solaria as "meritless and unfounded".
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.
ROTH Capital and Wood Mackenzie analysts have updated their outlooks on COVID-19's potential impacts on the US residential and utility-scale solar markets, respectively.
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.
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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
