Covid-19 weekly round-up: Updates shed light on tough second quarter for solar industry firms

But Israeli inverter company Solaredge and Indian engineering, procurement and construction services provider Sterling and Wilson have both offered hope of a recovery in Europe as Chinese glass producer Xinyi said it kept the furnaces going throughout the worst of the pandemic.

BP’s latest green pledge includes fossil fuel assets sell-off

The British energy company has pledged to raise investment in low-carbon energy – including biomass and natural gas-fired hydrogen – tenfold by 2030 and said it would reduce its upstream oil and gas activity 40% over the same period.

Wacker CEO hits out at Chinese rivals

Rudolf Staudigl highlighted polysilicon manufacturing overcapacity among Chinese competitors as he announced Covid-19-battered second-quarter figures for the Munich-based chemicals conglomerate.

REC Silicon sells off last remnants of Moses Lake polysilicon

The Norwegian company mothballed its Washington State facility more than a year ago and is now reliant on semiconductor-grade poly and silane gas produced at its fab in Butte, Montana – a facility for which the business says it has received plenty of interest from potential purchasers.

English councils tender for solar car parks and storage

Two local authorities on the English south coast are tendering for up to 250 kW of solar generation capacity and at least 300 kWh of energy storage under an arrangement which should not cost the cash-strapped councils a penny.

Chinese PV Industry Brief: PV glass supply deals, bonds to finance solar incentives

Two solar glass makers kicked off the week with new deals and solid earnings reports while the Chinese government revealed it may issue bonds to fund clean energy incentives.

Chinese solar glass company keeps 24-hour furnaces running during Covid crisis

Xinyi Solar has revealed another impressive set of figures and plans another 1,000-ton-per-day production line this month plus a new mine to source raw materials in September.

Former Panda Green finance chief backtracks on backdated paperwork interview

Li Hong, former chief finance officer of the now-state-owned Chinese solar developer has reportedly told Panda Green the information he gave KPMG investigators about $146 million of missing project rights payments ‘may not be accurate.’ He has refused to be interviewed again by the investigators.

Chinese PV Industry Brief: Big deals in the Middle East

Shanghai Electric has won a contract to build the fifth 900 MW phase of a 5 GW solar park in Dubai. JA Solar also agreed this week to supply 138 MW of PV modules for two projects in Jordan.

Deloitte abandons Chinese solar company SFCE because of going-concern fears

The auditor cited the threat posed to the debt saddled business as the reason for resigning its role, effective from today.

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