Finance

The new material is not commercially available yet, but in trials the materials allegedly proved its technical and economical superiority over NMC 622, NMC 811 and NCA batteries.

China’s Yingli Solar is partnering with a number of high-profile players in its domestic market to achieve mutually beneficial endeavors and promote the country’s clean energy sector.

Module manufacturing giant Canadian Solar says it has seen demand for modules bounce back in the second quarter of 2020, with module shipments and revenue for the period both exceeding guidance. The company is pressing ahead with plans for a second listing on a stock market in China as part of its strategy to deal with accelerating industry growth and market consolidation over the coming months.

Another stalwart of the solar industry was able to take the necessary precautions in order to maintain a sense of normalcy during the pandemic, leading to a quarter of increased sales, net cash, and a positive outlook to finish off the year.

pv magazine editor Pilar Sánchez Molina recalls news from the PV sector of ten years ago as part of a new series. The insights offered will not only bring back memories for the pioneers of that exciting, challenging period but may also offer an idea of where we could be in 2030.

The government has finally issued guidelines on how solar-powered irrigation system owners can be paid for exporting power back to the grid. However, for those who expect to have to use grid power to augment solar from time to time, there could be a sting in the tail.

Supply chain and manufacturing disruptions will lead to shipping decreases in the third quarter, but SunPower’s pre-pandemic measures ensured strong performance, solid demand, and higher installations.

But Israeli inverter company Solaredge and Indian engineering, procurement and construction services provider Sterling and Wilson have both offered hope of a recovery in Europe as Chinese glass producer Xinyi said it kept the furnaces going throughout the worst of the pandemic.

The British energy company has pledged to raise investment in low-carbon energy – including biomass and natural gas-fired hydrogen – tenfold by 2030 and said it would reduce its upstream oil and gas activity 40% over the same period.

Federal network agency the Bundesnetzagentur has announced it will retire 4 GW of coal-fired generation capacity through the exercise, which will see plant operators compete to secure one-off payments in return for shuttering, or converting operations.