Israel

GAAP gross margin improved 4% year-on-year, while shipments grew by 345 MW in the most recent quarter. Through the acquisition of the U.S.-based UPS provider, the Israeli inverter supplier makes its first move outside of the pure-play solar sector.

The scheme, set to be implemented over the next three years, includes net metering, FITs for small-scale solar, and a series of tenders.

The Israel-headquartered producer of power optimizers and inverters enjoyed a record year in 2017, increasing revenue by 24% to US$607 million and shipping more than 2.5 GW of inverters worldwide.

The Ashalim solar park is a 250 MW project that will combine concentrated solar power and photovoltaics once completed. JA Solar is sole supplier of the PV modules.

A new scheme aimed at supporting all rooftop PV segments is expected to be launched soon by the government. The new mechanism includes net metering, although with an additional grid fee covering storage costs, and FITs for small-scale solar. The government is also planning new auctions for rooftop solar geared towards new models of entrepreneurship.

The Israeli robotic cleaning specialist for the solar industry has completed a new funding round that will support the firm’s global expansion, meet growing demand and boost R&D.

Shikun & Binui Renewable Energy Ltd, the renewable energy arm of Israel conglomerate Shikun and Binui will own the plant, which will be located near the village of Zeélim.

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%.

Through this transaction, the Israel-based solar company has raised the capacity of its PV plant portfolio to 39.5 MW.

Tier-1 module manufacturer Canadian Solar has announced joint venture between its wholly owned subsidiary in Israel and Menora Mivtachim, one of the country’s largest finance and insurance groups. The aim of the venture is to finance, develop, construct and own solar power projects in the Middle Eastern nation.