Markets

Brazilian consultancy Greener has conducted a survey of more than 500 solar companies in Brazil to assess the economic impact of the Covid-19 pandemic. The results show that demand has already started to slow down, and that PV system prices are on the rise.

Sliding electricity demand and declining commercial and industrial activity in India could prompt distribution companies to block or delay payments to solar power producers.

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.

Researchers in Italy extensively analyzed four different configurations of their proposed system to assess its potential, including under non-optimal, ‘off-design’ conditions and concluded that, for now, subsidies would still be required for the commercial production of synthetic natural gas.

Sun Investment Group has launched a purchasing model which offers the chance to buy or rent solar panels elsewhere for those without the prospect of an installation which can generate energy directly for their home.

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.

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.

The winners in the Baltic nation’s first clean energy auction will be announced by June 20. With the exercise rated according to the expected output of the facilities allocated, the government has committed to procure 5 GW worth of facilities, from a total 16.3 GW offered by bidders.

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.