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EBITDA for the third quarter of 2018 increased 146%, revenue is also performing well, with the company expecting 40% increase throughout the second half of 2018, and the company reports that its gross profit has increased by 64% compared to 2017. Citing significant order increase for solar thin film products the materials suppliers touts strong three quarters of 2018.

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.

Although industry representatives are predicting no falling-off in the market next year, there is nothing in the latest set of figures to support such a positive outlook.

The Hong Kong-listed unit has asked where its parent will find the cash and shares to complete a $7bn deal to take ownership back in house and then list it on the Chinese A-share index.

The new decree, which regulates the law for DG promulgated at the end of 2017, is intended to support distributed generation of renewable energy sources under net metering. The fund for DG, though, has shrunk by half in value thanks to currency depreciation.

The Chair of the solar commission of French renewable energy association SER – Xavier Daval – explains why a further commitment to nuclear by the Macron government may seriously undermine efforts of late to revive renewable energy. According to him, if more nuclear reactors will be built, France may miss the chance of positioning itself as a leading country in the growing global renewable energy market.

With the ruling coalition having agreed to extend additional tenders for PV and wind power, a related, draft bill by the Federal Ministry of Economics has been disclosed. The policy document includes a proposal for a 20% FIT reduction for solar installations ranging in size from 40 kW to 750 kW.

President Moon Jae-in yesterday announced plans for a 3 GW project. South Korea plans to add 30 GW of PV by 2030, to improve the country’s hitherto poor renewable energy performance.

The World Bank says floating PV has the potential for 400 GW of capacity – under conservative assumptions. The authors of a World Bank study say adding floating solar to hydropower plants improves their flexibility while increasing energy yields.

The developer will supply energy to India’s largest utility under a 25-year PPA and can build the project anywhere in the nation, with construction to finish in early 2021.