Updated: High-performance PV manufacturer SunPower has idled all of its manufacturing plants located in the US, Mexico, France, Malaysia and the Philippines to restrict the financial and operational impacts of the COVID-19 pandemic.
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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
With the spin-off of most of its solar cell and PV module manufacturing operations to new entity Maxeon Solar Technologies (MXT) expected in Q2 2019, SunPower shed new light on the planned capacity expansions of the new offspring in its fourth quarter earnings call.
The completed project for Jentec Storage is the latest in a flurry of C&I activity by Total's solar distributed generation arm in the region, including a contract to supply rooftop PV to an airport that will cater to Indonesia's future capital Borneo.
ADB offers US$100m for renewables in Pacific Islands, PetroSolar connects 20MW Filipino plant to Luzon grid, University of Queensland starts building 64MW solar farm, Technique Solaire bags financing for 47MW France portfolio.