Record quarter for SolarEdge as firm registers 22% growth in Q3
Revenue for the Israeli power electronics company rises 22% sequentially in third quarter to reach $166.6 million. More than 676 MW of inverters shipped helped drive gross margin of 34.9%.
SMA warns of lower annual sales in light of component shortage
Third quarter financial update sees strong growth in Asia but weak U.S. large-scale project demand drags on overall sales. Order backlog increases 25% to €350m.
Tongwei to invest $1.8bn to build two 10 GW solar cell factories in China
Massive 12 billion yuan ($1.8 billion) investment part of Chinese solar firm’s goal to boost its production capacity to 30 GW and become world’s largest solar manufacturer.
Enphase Energy narrows Q3 losses to $7m, records sequential revenue increase
The U.S. microinverter specialist posted losses of $6.9 million in the third quarter but did manage to increase its revenue sequentially by 3% to $77 million.
Clean energy investment by non-OECD countries fell $40bn in 2016, but developed nations also slacking, finds BNEF
While China accounted for three-quarters of the investment reduction in clean energy in 2016, other non-OECD countries spent 25% less on renewables last year compared to 2015, according to BNEF and Climatescope data. 2009’s Copenhagen pledge by richer countries to support developing world also falling short.
COP23 climate talks aim to take measurable steps towards Paris Agreement, says UN
Meeting in Bonn should create an ‘operating manual’ for implementing the actions agreed upon at COP21 in Paris in 2015, says the UN.
UK solar households could face bigger bills under controversial new grid charge plans
Plans by energy regulator Ofgem to increase network charges to households that have residential solar PV installed have been revealed in a move that could affect one million rooftops.
Equis Energy snapped up by GIP in record $5bn renewables deal
The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.
Singapore to receive $18m solar and storage research boost
The country’s Energy Market Authority (EMA) has awarded two research grants to various consortia and higher education establishments specifically to support improvements in Singapore’s solar power forecasting abilities, in addition to the creation of a test-bed for developing energy storage capabilities.
Global solar market to grow 30% and reach close to 100 GW this year, says Bernreuter Research
The German-based analyst and polysilicon specialist believes that newly installed solar PV capacity will hit 95 GW in 2017 and could hit 100 GW. Polysilicon spot prices set to fall by end of year.
