WoodMac analysts say the amount of new battery manufacturing capacity added in the nation this year could fall by as much as 10% because of the outbreak. With Tesla’s Shanghai gigafactory affected by the extended new-year-holiday shutdown, the analyst warned of potential supply shortages for Australia and the U.S. and U.K.
With electric vehicles making up only 3% of the global car market last year, analyst WoodMac says battery packs need to be cheaper and lighter and range anxiety must be addressed to change the habits of drivers.
President Ursula von der Leyen has outlined plans to fund her Green Deal with a mix of EU, member state and private sector contributions. Now it is over to individual nations and the European Parliament.
Although the International Energy Agency’s latest renewables report forecasts impressive solar growth there is still a nagging feeling it has produced conservative estimates and the emphasis on sharing costs with grid operators is predictable.
The Chinese solar manufacturer today admitted it is in talks with its lenders and strategic investors about a break up of the company after its 2018 annual accounts revealed an apparently unserviceable debt pile. Any strategic investor is likely to constitute a Chinese state-backed bail-out.
Fundraising activity for solar leaped in the July-to-September period to provide healthy quarterly and year-so-far comparisons on 2018.
Polysilicon manufacturer Daqo has announced the start of pilot production in Xinjiang and expects to ramp up to full output by the end of the year, doubling the company’s annual capacity to 70,000 MT. Some 90% of its poly will be mono by that stage and Daqo expects 40% to be suitable for n-type products next year.
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