While the ongoing COVID-19 pandemic may have initiated something of a freeze on new solar financing deals in the US, significant interest in M&A remains and the incoming Biden administration could ease the logjam.
Renewables will be responsible for nearly 90% of new power capacity this year as the sector shrugs off COVID-19, with an even greater 2021 on the horizon.
SolarEdge witnessed record revenues in Europe as sales in North America stagnated in Q3, with the effects of the COVID-19 pandemic still clear and present in the company’s financials.
US distributed solar and storage firm SunPower has joined the ranks of US installers to bounce back from a COVID hit Q2, while raising its guidance for the full year.
Enphase Energy exceeded its revenue guidance in the third quarter as microinverter shipments rebounded strongly on the back of a “significant” improvement in global demand.
Total solar installations are to hit 115GWdc this year as the sector continues to record a robust recovery from the COVID-19 pandemic, analysis by Wood Mackenzie claims.
The renewables sector has been named among the most pandemic-resilient infrastructure sub-sectors, thanks in part to its ability to secure finance as well as government efforts to grow the green economy, according to a new white paper from investment firm Foresight Group.
The solar sector’s Q2 results season showed that, for the most part, the pandemic’s impact on deployment in the US was restricted to early in the quarter, helping many companies post better-than-expected performance in Q2. But as Liam Stoker suggests, COVID-19’s tail could be longer than anticipated.
Azure Power’s project commissioning activity ground to a halt in the three months ended 30 June 2020, as the impacts of COVID-19 were felt strongly in India.
Sunrun is hoping a gradual reopening of its sales channels and the “flywheel opportunity” of grid services in the US will provide a major boost moving forward, as it targets a 20% surge in installs throughout Q3 2020.
Having exerted more control over its operational expenditure, SolarEdge has hinted it will take advantage of a broader, more global sales base and deeper talent pool to strengthen its focus on R&D.
The major US residential installer has reported a surge in both revenues and earnings during Q2 2020, leading it to claim it is not only surviving the COVID-19 pandemic, but thriving.
