Analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
Many solar factories in China are starting to resume production, suggesting that concerns about supplies of PV components could soon begin to ease. Nevertheless, the temporary standstill will have an impact on the global solar market, as the implementation of some projects will probably be postponed until next year.
Wind power generated 45.8% of German electricity in February. Solar power contributed 4.2%, while lignite usage hit a new low.
Tesla has secured approval from the Berlin-Brandenburg administrative court to start clearing 91 hectares of forest for its first European “gigafactory,” which is scheduled to start operations in summer 2021.
Tesla, California’s pioneering EV builder, will acquire a 700-acre site near Berlin for its first large-scale EV factory. The purchase price has not been finalized. Some local folk are protesting the approval process.
Insolvency proceedings have been underway for Solibro GmbH since late summer, and business operations have long been suspended. This week another Hanergy subsidiary, Solibro Hi-Tech, has also declared insolvency.
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