Highlights

The economic fallout of the Covid-19 outbreak is yet to be determined but as legislators scramble to establish fiscal support for the EU it is becoming clear the suits in Brussels are not prepared to scrap their hard-won Green Deal plan. Quite the opposite, in fact.

Spanish clean energy company Grenergy has donated 55,000 pieces of Chinese-made personal protective equipment to the authorities in Madrid and electronics and e-mobility company BYD this month opened the ‘world’s largest mass-produced face masks plant,’ in Shenzhen.

GCL System Integration plans to build a 60 GW solar module factory in China’s Anhui province, with a total investment of approximately $2.5 billion.

From playing a key role in facilitating the scaling of the solar sector, to opening new markets and enabling grid and energy storage technologies, multilateral financial institutions have been an important part of the ongoing global energy transition. And as Felicia Jackson writes from London, with the expansion of “green banks” and clean-energy lending, the role of these institutions is only set to expand.

A large sheep farming company in Germany is seeking PV asset owners who will let its animals graze sustainably at solar project sites, in a move that could be a win-win situation for everyone.

An Austrian consortium has developed a hydrogen generation, storage and fueling station along with fuel cell-propelled snowmobiles. The team was so certain of the readiness of the solution they launched it during an FIS World Cup skiing event.

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.

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.

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.

Technological innovation in PV is taking place in the context of extreme price competition among solar manufacturers, writes Karl Melkonyan, senior analyst for solar demand at IHS Markit. This, he argues, explains the focus on lowering manufacturing costs, increasing efficiencies, and reducing losses at all stages of the manufacturing process.