German engineering association the VDMA expects a difficult year because of the Covid-19 crisis. Sales had already dropped considerably last year and the current order intake level offers no glimpse of hope. However, the public health crisis may offer business in new markets determined to break a dependence on Chinese panels.
Portugal set a new coal-free record because of the pandemic as Belgium and Israel moved to help the renewables industry. But there was grim news in Mexico and Turkey, and Bangladeshi clean energy firms have appealed for more assistance.
The energy regulator has suspended part of the licensing process for net metering applications, bringing the country’s PV sector to a halt.
The effect the coronavirus pandemic is having on energy systems and environmental policy in Europe was discussed at a recent machine learning and climate change workshop, along with the help artificial intelligence can offer to those planning electricity access in Africa.
The unfolding effects of the Covid-19 crisis, and fears of a possible second wave, have split analysts trying to guess how the unsubsidized renewables market will emerge as slumping demand continued to distort power markets. pv magazine rounds up the week’s coronavirus developments.
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 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.
The coronavirus epidemic continues to batter the global economy, including the solar industry, but falling demand during lockdowns has brought negative energy prices as well as helping drive record solar generation, amid less-polluted skies.
Despite Covid-19 hampering development, construction and financing Polish energy giant Tauron will start constructing a 5 MW solar project on a former coal-fired power station site.
Solar project owners responded to an appeal to donate a portion of their solar incentive payments to the public health authorities as another multinational body emphasized the importance of coronavirus fiscal stimulus packages having environmentally-friendly conditions attached.
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