Inverters

The procurement will be worth an estimated $2.25 billion, and will stipulate the use of 1.2 GW of Indian-made equipment. The power generated will replace 4 GW of coal-fired electricity consumption used by the railways.

German concern Kaco has sold its central inverter business. The German manufacturer hopes to focus on its string inverter and energy storage branches while the South Korean buyer hopes the newly acquired knowhow can improve the energy efficiency of its large-scale PV parks.

The European solar association has called on Europe to set up 5 GW of solar PV module manufacturing capacity to cater to the expected around 15 GW of annual demand.

Researchers from Berlin’s College for Technology and Economics have determined a ‘system performance index’ for 16 residential storage systems. The index ranks systems according to economic efficiency. The compilers of the index say many manufacturers lack transparency regarding system performance.

The outlook for sales and operating result has once again been lowered by the inverter maker. EBITDA is now expected to show a mid-to-high double-digit loss.

The French industrial equipment manufacturer expects to almost double turnover in solar by 2023. The company supplies materials for ingot production as well as providing electrical protection solutions such as fuses, fuse holders, heatsinks, wire management, disconnect switches, laminated busbars and surge protective devices.

The Spanish inverter maker will provide Norwegian developer Scatec with 66 PV inverter stations for projects it is building at the Benban complex.

The Chinese-based manufacturer has closed a deal for the supply of its inverter solutions to the large-scale solar project in southern Vietnam. Sungrow says it has deployed a total of 1 GW of solar projects in Vietnam.

The polysilicon, PV wafer and module and inverter maker has arranged a second EGM of 2018 to seek permission for two bond issues, as its peers scramble to raise their manufacturing capacities.

The inverter maker took number one spot in the US from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamatronic and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.