COVID-19

As Chinese PV manufacturers are now on the way to fully utilizing their production capacities, it is becoming increasingly clear how much coronavirus containment measures will affect global demand. Wood Mackenzie expects a decline in residential PV demand and a shift in investment to commercial projects, which is why it now only expects 106 GW of capacity additions this year.

Sunrun laid off about 100 employees last week, according to Business Insider, which reported that furloughed staff will continue to receive benefits for three months.

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

The clarification came after states across the country reacted to the power ministry’s recent call for a moratorium on conventional power payments by stopping payments and curtailing renewable power.

In a recent chat with pv magazine, Jason Tundermann – vice president of business development at U.S. trading advisory service LevelTen Energy – predicted a better-than-expected scenario for corporate clean-energy PPAs on the Old Continent. He said the net value of long-term PPA offers has not dropped dramatically, offering hope to corporate buyers.

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.

Minister of the Ecological and Inclusive Transition Elisabeth Borne told a teleconference of renewables representatives the results of a recent slew of clean energy tenders which allocated 1.7 GW of generation capacity and also revealed new measures being taken to support the industry.

The SNEC PV Power Expo has been postponed due to the Covid-19 pandemic. The organizers of the event have said that the event will now take place in October 2020.

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