Covid-19

SunPower CEO: “We remain on track to complete our planned company split into two independently focused pure-play solar companies by the end of the second quarter.”

Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, has told pv magazine all unsubsidized solar project financing will be postponed until it is possible to make reliable price predictions again. Projects could change hands in the meantime though, thanks to deep-pocketed investment funds on the lookout for bargains.

The US solar company says its production lines in Ohio, Malaysia and Vietnam have thus far been able to carry on operations. The company says measures have been taken to protect its workers at all of its premises.

While the world’s climate negotiators dither, the post Covid-19 world could see their efforts overtaken – but only if policymakers are bold enough to take the opportunity to offer truly green fiscal stimulus packages to get us through the crisis. Felicia Jackson, from the center for sustainable finance of the School of Oriental and African Studies at the University of London, gives her thoughts here.

Analysts from German energy advisory Enervis have told pv magazine power purchase agreement-linked solar projects which are under development in Europe may be delayed by the Covid-19 outbreak and new unsubsidized projects appear unlikely any time soon, thanks to the current economics.

While it has seen little fallout for its operating PV assets, the Norwegian solar developer says the coronavirus pandemic has started to affect construction, commissioning and testing of some of its new solar plants.

Xinyi Solar reported record profits earlier this month, not surprisingly prompting bullish talk of extending its plans to expand production capacity this year and next. However, with PV demand in Europe key to its returns, the company has accepted the coronavirus epidemic may have an impact this year.

The governments of both countries are answering solar industry requests by adjusting tender schemes and considering measures to avoid financial penalties and the loss of incentives due to missed deadlines.

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.

Franc Raffalli, president of the Photovoltaic Professions Group of the French Building Federation spoke to pv magazine about the impact of the coronavirus on the French PV industry.