Covid-19 rescue measures such as delaying electricity bill payments pile added pressure onto energy companies already hit by pandemic-related falls in demand in a continent which a new study suggests is too dependent on donor aid for the development of renewables.
Clean energy power plants will figure prominently as Queensland and Victoria bid to reset their economies for a post-coronavirus world. France suffered a hit to its new solar deployment figures in the first half of a Covid-hit year but its neighbor appears to have no such concerns.
Plus, analyst WoodMac says a fall in the cost of power generation in Japan during the public health crisis will help drive renewables investment and the Indian government has relaxed borrowing rules for its financially crippled electric utilities.
Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.
Grid scale lith-ion batteries may be multiplying Stateside, but an expected recovery in the production line segment will be put on hold until next year because of the pandemic, according to one analyst.
Plus, U.K. analyst Cornwall Insight reports the price of green energy certificates in the nation could stay in the doldrums for some time and industry executives consider the upsides of the new virtual PV business.
Plus, even stay-at-home orders and plunging commercial energy demand failed to take the sting out of Australia’s solar duck curve and China’s GCL System counts the first-half cost of the public health crisis.
Plus, solar funding is down and Australian rooftop installers are preparing for tough times ahead as one U.S. utility has warned customers to be alert to scammers hoping to benefit from the pandemic.
Accreditation institute DNV GL has made some astonishing carbon-related predictions as it prepares the next edition of its Energy Transition Outlook report. The Norwegian body says transport-related emissions have peaked and those of the iron and steel industries may well have too.
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