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East Group, First Solar show coronavirus can’t eclipse solar power’s surge

China 2441 Coronavirus 307 Energy - Renewables 127 U.S. 4312 Vietnam 257

Activity in the U.S. renewable energy industry continued to surge just ahead of the coronavirus pandemic, with S&P Global Platts indicating that U.S. utilities’ solar power sales surged 21.0% year over year in Q1. Construction of new plants may have paused, but developers look set to return to a rapid expansion with U.S. seaborne imports of solar power equipment having surged 53.8% higher year over year in May. Shipments have been led by a 126% jump in imports from Vietnam with shipments from China-based companies taking the lead. Shipments linked to the East Group jumped 338% higher whi...

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