COVID-19

Debt-saddled GCL-Poly’s attempts to renegotiate $809 million of defaulted borrowings have been held up because of the coronavirus crisis unfolding in Europe, where one lender is based. Shareholders are due to vote tomorrow on a project sale which could generate $153 million of benefits.

The country also intends to continue the procurement exercise for the Dimona solar power plant in the Negev desert. The Israeli government also will try to remove barriers to facilitate rapid and efficient development, while improving the grid-connection process for projects.

The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatar’s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.

The Polish solar industry is reportedly planning an offensive to claim a bigger slice of the domestic PV market. The idea was apparently floated by the head of a private renewable energy body.

Over the past few months, the Covid-19 pandemic has caused an unprecedented global economic and social crisis all over the globe. Ukraine is no exception. The pandemic has significantly affected all aspects of life, including the country’s domestic energy sector.

Artificial intelligence (AI) can play a key role in combating climate change, including by application in the renewables industry. Dustin Zubke is watching this week’s International Conference on Learning Representations workshop to find out how, after the Addis Ababa conference was moved online because of the Covid-19 pandemic.

Solar project developers and other component importers are among those eligible to apply for low-interest loans for up to 10 years. The government had already offered a $200 million credit line last year.

According to the latest figures from the Turkish grid operator, 109 MW of new solar was added in the first quarter, most of it net-metered rooftop systems. The troubled 1 GW national tender originally planned in January 2019, however, has been postponed for a second time, with the government stating the Covid-19 crisis will cause the exercise to be staged next year.

Manufacturer Solargiga referenced our website, rather than official channels, to have a stab at anticipating the possible effects of the public health crisis on the industry as it insisted production lines powered by bargain-basement electricity prices this year would help turn around a $50 million loss for 2019.

Over the past few months, the Covid-19 pandemic has caused an unprecedented global economic and social crisis. The pandemic has significantly affected all aspects of life, including the energy sector.