The inverter giant’s expansion plans are a response to what it says are favorable market conditions. In addition, the company is introducing new products to the U.S. market, including solutions for battery storage.
Growth in distributed renewable power generation is sparking raft of regulatory requirements that benefit module level power electronics, says a Frost & Sullivan report.
The devices will be used by Spanish developer Iberdrola Renovables to build two large-scale PV projects in Sonora and San Luis de Potosí.
The German firm signs framework agreement with DNE Solar for the delivery of 300 MW of string inverters to be installed across South Korea.
The Israeli-headquartered DC power optimizer specialist announces bold new expansion into the Japanese market at PV Expo, Tokyo, including new office and expanded portfolio.
German engineering and systems integrator Wattkraft agrees framework agreement with the Chinese inverter specialists for the supply of 500 MW of inverters to be shipped within Germany and beyond.
Turkey’s tender for the flagship solar PV project with 1 GW of capacity has been postponed for one month. The government wants the plant to be built using locally manufactured content only.
Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.
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