The U.S. solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A. Who’s next?
Despite the challenges to both the manufacturing and shipment of its products during the period, JinkoSolar today reported that it shipped 3.4 GW of modules in the first quarter of 2020, bringing its revenue for the quarter just over the billion dollar mark.
Longi Solar has dramatically stepped in to take over fellow Chinese manufacturer Zhejiang Yize New Energy Technology, which operates 7 GW of module production capacity and 3 GW of cell facilities in northern Vietnam.
The renewable energy software company will keep the skytron brand and platform, as well as providing services for Draker’s customers.
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