After the bombshell news this week, the Italian inverter manufacturer’s CEO spoke to pv magazine about the future of ABB’s R&D hubs, manufacturing sites, hundreds of employees and of course Fimer’s outlook.
This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.
A World Trade Organization panel has found a U.S. move to incentivize the use of domestic solar products put imported goods from India and other countries at a disadvantage.
Roth Capital Partners has reported the inverter maker ceased U.S. sales on Friday, laying off all its U.S. citizen staff amid rising tensions between the Trump administration and China.
In a chat with pv magazine, the managing director of GoodWe’s European unit, Thomas Haering, described the inverter manufacturer’s plans to expand capacity this year, after construction started on new factories in Suzhou and Guangde.
There was plenty of innovation on display at this year’s SNEC, which closed yesterday afternoon at the Shanghai New International Expo Center. The three-day exhibition ran from Tuesday to Thursday, was well attended and still ranks as the world’s largest solar energy trade show.
That goal could easily be achieved judging by the company’s first-quarter results, Qiao said during an interview with pv magazine at Intersolar Europe. He also pronounced himself happy with Growatt’s performance in TÜV testing and with progress in the hybrid inverter segment.
At Intersolar Europe, Gamesa Electric’s solar sales director, Enrique de la Cruz explained the key to ensuring high reliability and a low energy price with the company’s new central inverter offering.
At Intersolar Europe in Munich, pv magazine caught up with Solis to speak about the company’s latest inverter products.
With clean energy being generated at lower and lower prices around the world, solar power is playing a leading role in bringing the curtain down on coal, and will help the decarbonization of transport and space heating too.
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