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Covid-19

Solar, wind and hydro resilient during Covid-19 crisis

A study by the International Energy Agency into the chilling effect of the Covid-19 pandemic on energy demand states renewables will be ‘the only energy source likely to experience demand growth for the rest of 2020’. The slower the economic recovery, the more the fossil fuel industry will suffer.

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Covid-19 weekly briefing: Merchant solar developers could seek shelter in return to subsidies and PPAs are being revisited, but at least the Irish are coping with lockdown measures

The unfolding effects of the Covid-19 crisis, and fears of a possible second wave, have split analysts trying to guess how the unsubsidized renewables market will emerge as slumping demand continued to distort power markets. pv magazine rounds up the week’s coronavirus developments.

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Covid-19 disruption leaves indebted Chinese manufacturer in limbo

Debt-saddled GCL-Poly’s attempts to renegotiate $809 million of defaulted borrowings have been held up because of the coronavirus crisis unfolding in Europe, where one lender is based. Shareholders are due to vote tomorrow on a project sale which could generate $153 million of benefits.

Light after lockdown in Europe’s corporate PPA market

Following the easing of drastic measures to curb the spread of coronavirus, paused or decelerated PPA negotiations are starting to regain momentum as corporates signal their intention to stick to long-term carbon-reduction targets.

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Israel’s plan to recover from Covid-19 crisis includes 2 GW of new solar

The country also intends to continue the procurement exercise for the Dimona solar power plant in the Negev desert. The Israeli government also will try to remove barriers to facilitate rapid and efficient development, while improving the grid-connection process for projects.

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Ministry representative says Polish solar manufacturers could benefit from Covid-19 disruption to take market share from Chinese rivals

The Polish solar industry is reportedly planning an offensive to claim a bigger slice of the domestic PV market. The idea was apparently floated by the head of a private renewable energy body.

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Impact of Covid-19 on the Ukrainian energy sector

Over the past few months, the Covid-19 pandemic has caused an unprecedented global economic and social crisis all over the globe. Ukraine is no exception. The pandemic has significantly affected all aspects of life, including the country’s domestic energy sector.

Tackling climate change with machine learning: Day 1

Artificial intelligence (AI) can play a key role in combating climate change, including by application in the renewables industry. Dustin Zubke is watching this week’s International Conference on Learning Representations workshop to find out how, after the Addis Ababa conference was moved online because of the Covid-19 pandemic.

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Bangladesh opens €200m loan fund for eco-friendly imports

Solar project developers and other component importers are among those eligible to apply for low-interest loans for up to 10 years. The government had already offered a $200 million credit line last year.

Ireland’s first renewables auction

Clean energy developers have three days left to pre-qualify for the first procurement exercise staged by the Irish Renewable Electricity Support Scheme. Solar will compete with wind – on and offshore – and biomass projects.

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