Having already guided expected GAAP net losses of US$145-195 million for 2020, high-performance PV manufacturer, SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
‘Solar Module Super League’ (SMSL) member concludes facilities in Ohio and Malaysia are exempt so far from government restrictions, while Vietnam factory remains ‘not affected’.
Government approves previously floated plans to allow renewable developers to invoke ‘force majeure’ clauses to win more time as virus continues to disrupt PV supply chains.
Facility’s location at out-of-the-way Si Racha zone, preliminary stocking of raw materials and the still-healthy state of global freight have helped minimise impacts, manufacturer tells PV Tech.
Squabble over individual amendment leads to vote against entire American Energy Innovation Act, potentially delaying until 2021 deal on new US$270m-a-year solar research programme.
Leading monocrystalline wafer producer spells out post-takeover plans for central manufacturing hub to target significant expansion of non-tariff module shipments to the US and India.
Country could avoid costs and grid chaos if it learns from Germany and Vietnam’s FiT lessons and opts instead for competitive auctions, says new IEEFA report.
Virus outbreak prevents solar modules and Chinese engineers from reaching Meralco PV projects in the Luzon provinces of Tarlac and Bulacan.
‘Solar Module Super League’ (SMSL) member, LONGi Solar has signed a framework agreement to buy Vietnam-based solar cell and module OEM (Original Equipment Manufacturer), Vina Solar for RMB 1.78 billion (US$253 million).
Politburo resolution proposing green energy targets for 2030 (15-20%) and 2045 (25-30%) emerges as country embarks on FiT-to-auction shift to ease PV grid bottlenecks.
With the spin-off of most of its solar cell and PV module manufacturing operations to new entity Maxeon Solar Technologies (MXT) expected in Q2 2019, SunPower shed new light on the planned capacity expansions of the new offspring in its fourth quarter earnings call.
Country told competitive bidding could take PV market to ‘tens of gigawatts’ within 10 years, turning the page from grid chaos driven by feed-in tariffs last year.
Liam Stoker reflects on last week’s Solar Finance & Investment Europe conference, where investors, developers and asset owners gathered to hear how emerging trends will shape Europe’s surging solar ecosystem in the coming years.
Major Filipino power firm Aboitiz Power Corp is in early-stage planning to invest nearly PHP34 billion in around 1GW of wind and solar power in Pangasinan.
Panellists at London event were all confident market will retain momentum and grow bolder despite the speculative plays and competition from utilities and oil majors.
There is a “huge opportunity” for solar in Ireland, with the Renewable Electricity Support Scheme (RESS) providing a route to market for the technology.
Iberian operators tell London event they worry adoption of Lisbon’s solar auction design by neighbour Spain could entrench model producing prices developers ‘cannot survive’ on.
Free-market plays are spreading throughout Europe’s four corners despite risks that neither technology nor innovative finance can eliminate for now, say speakers at London event.
Wholesale price cannibalisation poses the most significant threat to Europe’s utility-scale solar industry, a panel of investors has heard at the London event.
PV Tech understands that two solar projects by developer Hive Energy and financier Noy Fund will be deployed without PPAs, with plans to generate revenues via direct energy sales.
Lightsource BP has clinched a funding deal with London-headquartered bank NatWest to finance the development of its maiden Spanish solar projects.
The momentum behind subsidy-free, utility-scale solar developments in the UK has continued to gather, with new names and familiar faces alike demonstrating their commitment to the market.
EU production line of 5 to 10GW a year is possible and would help deliver the required 117GW-to-630GW capacity push, experts say as separate study touts PV’s job benefits for coal regions.
Flurry of deals in US southeast was among highlights as solar corporate procurement soared between 2018 (5.4GW) and 2019 (9.6GW), BloombergNEF analysts tell PV Tech.