China

The Chinese group’s loss widened significantly from the preceding 12-month period, despite posting a 5.4% year-on-year jump in revenue to RMB1.7 billion ($242.2 million).

The Swiss equipment supplier already needed to shore up its bottom line and is now taking measures to help combat the spread of an epidemic which has also claimed November’s planned climate summit in Glasgow and an estimated 19% of this year’s demand for energy storage.

The SNEC PV Power Expo has been postponed due to the Covid-19 pandemic. The organizers of the event have not provided new dates.

Chinese manufacturer Jolywood claims it has reached 23.5% cell efficiency on the production lines for its n-type TOPCon technology. The achievement, which has not been verified by a third party, represents a 0.3% improvement to Jolywood’s reported mass production efficiency.

pv magazine rounds up the latest Covid-19-related stories likely to affect the world of solar and energy storage.

Yulin, in Shaanxi province has brought the curtain down on around 1 GW of PV projects which are under construction. It had previously been expected the city would add around 5 GW of new solar this year.

A Solargiga subsidiary has handed over $2.5 million to almost double its stake in a 1.2 GW capacity module manufacturing business set up in June by investors which include the local government.

Investors in debt-saddled PV developer GCL New Energy will have to wait at least another month before a vote on a proposed project sale to a Chinese state-owned entity which would bring benefits of $526 million.

pv magazine rounds up the latest Covid-19-related stories likely to affect the world of solar and energy storage.

During an online launch event, a Blade Battery pack was pierced with a nail without becoming unstable or experiencing dangerous high temperatures. The company says the device will be safer during car accidents.