Enphase can’t keep up with demand
The US microinverter maker reported its second consecutive quarter of profit and is sold out into the second half of the year, as it continues to battle tariffs and component shortages.
Huawei remained world’s largest inverter provider in 2018
The Chinese string inverter giant was the world’s biggest supplier for the fourth year in a row, in spite of having lost 4% in global market shares, according to analyst Wood Mackenzie. Asia-Pacific was again the largest inverter market last year, accounting for 64% of global shipments. Sungrow and SMA were, respectively, the second and third largest providers.
Inverter maker offered customer €50 for replacement product which would have carried ‘thousands of euros’ of associated costs
Often, it is not inverter faults that frustrate customers – such things happen – it is poor customer service. Here we look at the first of a series of cases that will be discussed at the pv magazine quality roundtable planned for Intersolar Europe, in Munich, which indicates what the industry must avoid in future.
Siemens wants to take over Kaco
After announcing its entry into residential storage a week ago, the Munich-based multinational has now unveiled a plan to acquire inverter manufacturer Kaco. Siemens has not provided details about the value of the transaction.
Price pressure and delivery bottlenecks lead SMA to significant loss in 2018
The German inverter maker struggled after China’s announcement at the end of May drove down prices and markets around the world and left a clear mark on its figures. Both the commercial PV segment and the storage business fell short of expectations due to delivery bottlenecks.
SMA revises down 2018 guidance, again
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.
Gamesa secures 400 MW inverter order from Egypt
The Spanish inverter maker will provide Norwegian developer Scatec with 66 PV inverter stations for projects it is building at the Benban complex.
SMA positive despite net income dip
SMA Solar Technology AG saw its net income fall from €25 million in the first nine months of 2017 to €8 million in the same period this year. Despite the dip, it remains confident of its position in the industry going forward.
Three strategic M&A transactions announced in Germany
While inverter maker Kaco has made a further investment in the storage sector, Enovos has agreed to acquired Wirsol’s O&M business. Furthermore, Rolls Royce has decided to buy German storage provider, Qinous.
Italian stock exchange suspends trading of Enertronica shares
The Italian developer and largest shareholder of inverter maker Elettronica Santerno, said on Friday it would delay its financial results for the first half. Its statement also revealed the loss of a contract to build a 120 MW solar plant in Spain and a $5 million loss linked to another project in the US.
