The Sino-Canadian solar manufacturer has moved to settle a ten-year-old case in which it was accused of breaching generally accepted accounting principles in its 2009 figures. The company has indicated the settlement, which is yet to be approved, is not an indication of guilt.

Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.

Grid scale lith-ion batteries may be multiplying Stateside, but an expected recovery in the production line segment will be put on hold until next year because of the pandemic, according to one analyst.

Analyst IHS Markit has predicted storage will rebound this year following its first year-on-year decline in 2019. The technology is being rolled out at pace despite Covid-19 with state-level policies set to keep the US the global capital for the next five years.

Swedish start-up Azelio says it will have a pilot project up and running in Masdar City by the end of next month. The technology sees electricity used to super heat aluminum with energy released on demand via a heat transfer fluid to drive a Stirling engine.

A unit of the manufacturer has suspended poly production in Sichuan province because of flooding fears. The temporary factory shutdown will shave 25% off the group’s output capacity.

The decision to remove its cell manufacturing capacity has prompted hefty impairment losses which, together with a Covid-19-related slump in demand, will wipe out the gains offered by new solar ingot, wafer and module production lines.

Whoever published the figures for a profit warning issued by the poly maker on Friday might have spooked investors even further with a stray decimal point.

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.

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.