Finance

SunPower has had to make fundamental changes to continue to be relevant in a solar industry very different from that of its roots. The company aims to become an energy service provider and is leaving low-cost manufacturing to its Chinese partner.

The German manufacturer secured around 60% of the turnover expected this year in the first three months alone but still posted a net loss for a company relying on strong pre-Covid-19 activity in the U.S. and European markets.

Specialist Alencon Systems teamed up with U.S. utility Duke Energy to look at some of the challenges faced by energy companies when adding battery storage to operational solar installations. Do you go for DC-coupled or AC-coupled? And with what sort of grounding scheme?

Plus, Italian developers continue to dig deep for their health service, the pandemic piles on problems for a debt-saddled Chinese company and analysts consider whether there will be any money left for a green economic recovery after the dust settles.

State-owned solar company Panda Green will miss Friday’s deadline for publishing its audited figures for last year and new owners Beijing Energy have announced the formation of a committee to investigate the payment of $144 million in deposits to secure development rights for projects which never happened.

The nation hosts numerous gigawatt scale sites, two of which are the largest commissioned in the world. The huge PV parks have been instrumental in driving economies of scale and continue to attract global capital and some of the most recognized renewables developers.

Solar forecasting company Solargis says the insight offered by Covid-19 industrial shutdowns into a renewables-driven future serves to emphasize the value of the chief commodity it trades in – data.

With Swiss solar equipment company Meyer Burger laying plans for a module fab in North Rhine-Westphalia and Norwegian panel maker REC Group mulling a fab in Sarreguemines, northeastern France, Xavier Daval – from French renewables association the SER – says it is time Europe resumes its path to a stable solar manufacturing industry, not least because of the rising proportion of solar module costs accounted for by shipping.

Longi has announced more cuts to wafer prices, while cell manufacturer Tongwei has started building the first phase of its 30 GW Jintang PV manufacturing base. Risen Energy has also released solid financials, while JA Solar has unveiled plans to start selling its 500 W-plus solar modules.

SFCE has revealed, in a string of stock market updates this year, the coronavirus pandemic is complicating its efforts to sell off PV projects fast enough to pay off creditors.