Cash-strapped developer SFCE dependent on buyer goodwill for $66m project sell-off
SFCE is scrambling to keep creditors at bay and has been unable to guarantee more than half the windfall it expects from selling off 140 MW of Chinese project capacity will actually be paid.
Covid-19 weekly briefing: US residents ponder solar during lockdown, Aussie installers wonder what might have been and the Indian EV industry calls for help
Plus, Italian developers continue to dig deep for their health service, the pandemic piles on problems for a debt-saddled Chinese company and analysts consider whether there will be any money left for a green economic recovery after the dust settles.
Covid-19 hampering the survival prospects of private solar developers in China
SFCE has revealed, in a string of stock market updates this year, the coronavirus pandemic is complicating its efforts to sell off PV projects fast enough to pay off creditors.
