Taking a more pessimistic view of the impact of COVID-19 on the end-market demand for solar installations in 2020, IHS Markit expects global installs to decline 16% to 105GW in 2020, compared to around 125GW in 2019.
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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
The Solar Energy Industries Association (SEIA) has warned that support is needed for approximately 250,000 people that directly work in the US solar industry as COVID-19 could impact as much as 50% of the sector.
In this second part, we will talk about some of the companies preparing for business in the solar market in post-feed in tariff (FiT) Japan and the close links with energy storage that this market is strongly expected to rely on.
New York State has offered employees of Panasonic working at Tesla’s Gigafactory 2 plant in Buffalo assistance in finding new jobs as the Japanese electronics giant is expected to shut down solar panel operations at the facility.
Growatt has introduced its new XH series of storage ready inverters that works with a low voltage battery and has a battery interface which can be easily extended later to a storage system without retrofit cost, providing home owners who are looking to convert their rooftop PV systems into solar storage systems in the future.
Major PV inverter manufacturer, SolarEdge Technologies has gained JET certification (Japan Electrical Safety and Environment Technology Laboratory) in Japan for its single phase residential and small commercial inverter range.
RGS Energy (Real Goods Solar Inc.), a potential rival to Tesla’s solar tile roof system has recently succumbed to Chapter 7 bankruptcy, having failed to raise further capital on long-standing operating losses.
Panasonic has warned US solar installers about Tesla selling a “large quantity” of its solar panels designated to the company to an unidentified third-party wholesaler that would not be covered by Panasonic product warranties.