COVID-19

Valoe Corporation has extended its €3.5m convertible bonds issuance but with investors fleeing to safe havens and Lithuania yesterday announcing COVID-19 quarantine measures, hopes of getting cell manufacturing off the ground in Vilnius this month appear unrealistic.

Soluxtec is almost trebling output capacity at its 200 MW fab in the Eifel region. The Luxembourg-owned manufacturer says it wants production capacity of 550 MW for monocrystalline PERC modules and special formats this year.

The UK Solar Trade Association has laid out its wish list ahead of new chancellor Rishi Sunak’s first budget speech tomorrow, with an exemption of solar from onerous tax valuations top of the agenda. COVID-19 measures, though, are likely to cast everything else into the shade.

Although decried for lacking ambition and as an abdication of responsibility in some quarters, the climate law proposed by the European Commission may be more ambitious than it first appears, as Felicia Jackson, from the center for sustainable finance of the School of Oriental and African Studies at the University of London – considers here.

Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.

European Parliament groupings, renewable energy associations and climate activists have voiced disappointment at the EU Climate Law officially unveiled yesterday. Lack of a raised emission-reduction ambition to 2030 is at the heart of the opposition, with critics saying the plan will be insufficient to help prevent global temperatures rising more than 1.5 degrees Celsius.

The list of major solar industry events put on hold due to the Covid-19 virus is lengthening. Today, Solar Solutions Amsterdam became the latest event planned for this month and next which the organizers must reschedule for later in the year.

Ganfeng Lithium blamed a falling lithium salt price for its expected woes, rather than the effects of the COVID-19 outbreak on operations which it spelled out last month.