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Global corporate PV funding down 31% amid Covid-19 crisis

Mercom Capital Group has issued a report tallying up financial activity in the solar sector between January and March 2020. The sobering result is that cash flows are down by considerable margins on all metrics.

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Toshiba bags contract for 147 MW project in Japan

The electronics brand said the project will be its largest engineering, procurement and construction order for a solar plant. Facilities on such a scale are rare in Japan because of land constraints.

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BYD launches Blade Battery for improved fire safety in electric vehicles

During an online launch event, a Blade Battery pack was pierced with a nail without becoming unstable or experiencing dangerous high temperatures. The company says the device will be safer during car accidents.

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European Council raises hopes of green stimulus package

The economic fallout of the Covid-19 outbreak is yet to be determined but as legislators scramble to establish fiscal support for the EU it is becoming clear the suits in Brussels are not prepared to scrap their hard-won Green Deal plan. Quite the opposite, in fact.

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Canadian Solar’s shipments rise 30% YoY amid strong figures for 2019

The company said that multicrystalline modules accounted for 68% of its shipments in the fourth quarter and 74% for all of 2019, with monocrystalline modules accounting for 32% and 26%, respectively.

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South Korea’s president makes zero-carbon economy election pledge

For the first time ever, President Moon Jae-in’s ruling Democratic Party has vowed to achieve a zero-carbon economy, just weeks ahead of the April 15 legislative election.

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Green hydrogen can power green Alpine tourism

An Austrian consortium has developed a hydrogen generation, storage and fueling station along with fuel cell-propelled snowmobiles. The team was so certain of the readiness of the solution they launched it during an FIS World Cup skiing event.

Study of 100,000 arrays finds proactive O&M preferable

The US National Renewable Energy Laboratory examined five-year data to observe the most common system failure points and how to prevent them. Researchers considered residential, commercial and utility scale plants and found interesting results. While failures cannot be avoided completely, a key takeaway was that close monitoring and timely repair can effectively mitigate the financial effects of failures.

Sector coupling in Europe could see solar and wind demand double

Market intelligence firm BloombergNEF has published a report with power company Statkraft and clean energy distributor Eaton highlighting the importance of sector coupling for Europe’s decarbonization plans. Analysts examined the power markets of Germany and the U.K. and concluded effective sector coupling including the use of green hydrogen could lead to greenhouse gas emission reductions of 83% by 2050.

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Cheap renewables putting $639 billion of new coal investments at risk

The Carbon Tracker Initiative crunched some numbers and discovered that more than half a trillion dollars worth of coal investments are at serious risk due to the declining cost of renewables.

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