The Covid-19 pandemic helped ensure chemicals business OCI could not put its idled polysilicon lines in Gunsan back into use last year, as had been hoped, prompting another hefty assets impairment which weighed on the group even as it expects supply of the raw material to be kept tight by rising demand.
Covid-19 border closures meant the first ‘active network management’ system was planned and commissioned for the Asian nation by the U.K. division of Saudi-owned smart grid specialist ZIV Automation.
Xinyi has accelerated plans to add more furnaces this year and predicts the rebound in solar demand being driven, in part, by the desire of nations for a green recovery from Covid-19 will continue to keep supply tight.
The national PV body in the country wants €1 billion from the EU’s recovery and resilience fund to be allocated to upgrading the electricity network to host more solar power generation capacity.
The kingdom has had a ban on new large scale clean energy projects since January 2019 as Covid-19 exacerbated a situation in which generation capacity already outstripped supply. Lifting that embargo, and re-starting renewables auctions would be a step in the right direction, according to IRENA.
The former need not necessarily relate to conventional lithium-ion batteries, however, as a recent webinar staged by Solarpower Europe and EU body GET.invest discovered.
The European Parliament and Council of Ministers continued to tidy up the details of the bloc’s Covid-recovery package today by publishing the rules of how the money will be disbursed.
Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.
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