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Power

Despite severe disruptions, Canadian Solar’s Chinese PV manufacturing experiences limited impact of COVID-19 outbreak, says GlobalData

Canadian Solar, the world’s fifth-largest solar PV module manufacturer, recently stated that it had experienced limited impact of the COVID-19 outbreak on its production facilities in China. Although the company faced severe disruptions from January-mid by way of capacity loss amidst the COVID-19 carnage, it did not have a large impact on the production facilities, […]
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COVID-19 hinders global clean energy sector as Chinese battery production capacity set to fall by 10% in 2020, says GlobalData

Manufacturing in the global clean energy sector, including renewable energy, battery energy storage, electric vehicles (EVs), and the renewable heat and cooling markets is highly reliant on production from China. The pandemic is expected to reduce Chinese battery manufacturing capacity by 10% in 2020, a shortfall of around 26 GWh of output in China’s planned […]
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COVID-19 fails to dent China’s nuclear plans, says GlobalData

China recently reported that the COVID-19 outbreak will have no impact on the progress of the construction of nuclear power plants in the country in the short-term, and the reactors already in operation were also not affected. China was initially expected to approve at least six new nuclear projects in 2020. It has 47 reactors […]
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Commitment to green policies is crucial for long-term COVID-19 recovery, says GlobalData

Following the news that New Zealand’s Climate Change Minister has reiterated the country’s commitment to green policies; Ella Benson Easton, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view on COVID-19 recovery: “COVID-19 has had a dramatic influence on the global economy, sparking fears that the world is set for an unprecedented […]
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Spanish wind turbine manufacturers get back to business amid a relaxation of COVID-19 lockdown norms

Vestas Wind Systems, LM Wind Power, Siemens Gamesa Renewable Energy, and Nordex have reopened factories in Spain after the government relaxed lockdown measures.It was previously predicted that the COVID-19 pandemic would have negative effects on wind supply chains, with developers expected to undergo delays due to lockdown-related restrictions. Thus, these major companies getting back to […]
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India’s silicon PV manufacturer provides noble response to COVID-19 outbreak by aspiring to join hands with ventilator manufacturers, says GlobalData

India’s silicon PV manufacturer Central Electronics plans to put together its technical expertise to ramp-up the production of ICU ventilators. It has expressed desire to join hands with ventilator manufacturers, as part of the nation’s response to the COVID-19 pandemic, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, […]
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India should reduce dependence on Chinese solar module market post-COVID-19

A drop in Chinese photovoltaic (PV) module prices may be expected following the COVID-19 epidemic as Chinese manufacturers have been forced to stockpile their modules. Reducing India’s dependence on the Chinese market would, therefore, benefit the solar industry from the cost stability and quality control standpoint, says GlobalData, a leading data and analytics company.  Somik […]
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Manz to resume operations with proper measures

Following the news that German solar photovoltaics (PV) manufacturer Manz has revealed plans to open up its Italian facility; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, comments: “Based on recommendations from the German federal government and the European Commission, Manz temporarily shut its operations in Italy and Germany. Now with proper […]
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Amid the COVID-19 outbreak, India to boost DISCOMs by supplying continuous electricity despite outstanding dues, says GlobaData

In India, the central public sector undertaking (CPSU) generation and transmission companies will be involved in the continuous supply and transmission of electricity to distribution companies (DISCOMs) despite the huge outstanding dues. As the distribution companies are not commercially standalone, these measures along with others like, electricity duty cuts, allowed delayed payment from customers and […]
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Solar PV corporate funding expected to take a hit

Lack of venture capital investment and reduced public market financing activity due to the COVID-19 pandemic is squeezing cash flows. Between January and March this year, total corporate funding in the solar PV sector amounted to $1.9bn, spanning across 17 deals. This is 31% less than the $2.8bn achieved last year. Furthermore, global venture capital […]
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