A slump in demand would weigh more heavily on the storage industry than a temporary production shutdown and IHS Markit analysts say that is where the risk lies, rather than with a temporary shortage of battery cells. A similar prediction has been made for the PV market.
Saudi energy company Acwa Power announces $275 million has been borrowed for a project which is due to start supplying electricity to the national utility this year under a 15-year power supply deal.
The airline industry has been among the hardest hit by the Covid-19 pandemic; carriers are in ‘freefall’ as Glen Peters, research director at the Center for International Climate and Environment Research in Oslo recently wrote, with governments mulling stimulus packages for airline bailouts. How we react to the coronavirus outbreak is crucial for society as a whole and the solar and energy storage industries can lead the charge in rewriting the status quo.
The federal government’s ‘economic response to the coronavirus’ legislation encompasses the installation of commercial and industrial solar.
Tesla’s Nevada operation is still open for business, though. The EV and battery maker has assured the market its cash position is strong enough to weather an “extended period of uncertainty”.
Manufacturing operations in China are beginning to return to normal, with Taiwan-based research firm PV InfoLink reporting 80% capacity utilization across the supply chain in March. But the broader impact that Covid-19 will have on global demand for PV remains to be seen, and will depend on the extent to which the outbreak can be contained, says PV InfoLink chief analyst Corrine Lin.
pv magazine has spoken to Germany’s largest solar project developers about how construction has ground to a halt on many PV projects in Europe since the beginning of the coronavirus pandemic. Politicians need to extend implementation deadlines for PV projects that are being built under tender schemes, but deadlines are not the only challenge that companies currently face.
Netherlands trade body Holland Solar has asked the Ministry of Economic Affairs and Climate Policy for an extension of grid-connection deadlines for solar projects being built under the SDE+ incentive program for large scale renewables. The association also urged Dutch municipalities to keep processing permits.
Byron Bay-based solar retailer Smart Energy says it is seeing an unprecedented surge in sales and enquiries for solar and home energy storage as consumers look to shore themselves up in uncertain times.
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