public health crisis

Corporate power purchase agreements and the combination of PV plants with hydrogen production open up new medium-term financing opportunities for solar projects, as was demonstrated at the fourth session of the pv magazine Roundtable Europe event. The evolution of corporate deals may have been slowed by current price developments but hydrogen may come sooner than many had predicted.

Analysts appear divided on the effects the public health crisis will have on the EV market even as sales of petrol-engined SUVs soar in China. And Portugal is plowing on with its Covid-delayed national solar tender, an exercise which may help establish whether clean energy thinktank Ieefa is right to predict PV prices will continue to fall.

The market last month saw a sharp rebound in the sales of traditional, internal combustion engine vehicles as Covid-19 restrictions continued to ease. Analysts have predicted a similar rebound in Europe as the continent emerges from the public health crisis.

Module price falls driven by the energy demand slump and Chinese oversupply may reverse at the end of the year, Germany appears immune to the Covid rooftop curse and emergency funding has been offered up to EU businesses affected by the crisis.

The rooftop segment maintained strong growth but utility scale PV saw a slowdown on previous months. In the first four months of 2020, newly deployed PV systems added up to 1,479.5 MW of generation capacity, compared with around 1.6 GW in the same period of last year. The nation’s cumulative PV capacity hit 50.46 GW at the end of April.

The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.

A cash fund is offering financial aid to start-ups and SMEs to mitigate the effects of the public health crisis. The grants will convert into a stake in the recipients at a future date.

Plus, Australia’s Greens want renewables front and center of the post Covid-19 economy and Mexican plant owners are overturning a politically-motivated ban on clean energy, however, Indian developer Acme solar says pandemic delays warrant it reneging on the terms of the record-low solar price agreement it signed.

Quarterly new additions were 15% lower than in the October-to-December window. The France Territoire Solaire thinktank said the lower volumes could be explained by the initial impact of the coronavirus crisis.

The world’s solar superpower saw the amount of new capacity added in the first three months of the year fall 24% from the same period of 2019 as 1.75 TWh of solar electricity was curtailed, but the National Energy Administration expects both statistics to improve as China exits the public health crisis.