Inverters

The deal introduced a 15-year grace period for household PV system owners, during which they could choose whether to take net metering payments based on assumed energy use or a potential new system based on actual use and measured by smart meters.

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.

Sales revenue declined at the start of the year despite steady inverter shipments. The reverse was mainly due to sluggish project business and SMA is predicting significant increases in sales and earnings in the second half.

The Israeli power electronics maker’s revenues and shipments keep rising as it absorbs more companies, but the pending increase in Section 301 tariffs leaves some clouds in the future.

More than 11 million PV inverters will be shipped in 2019 alone, and most of these will be connected to a software platform and controlled by the inverter companies. This creates an opportunity for suppliers to create new models and revenue sources, writes Cormac Gilligan, research and analysis manager at IHS Markit. And indeed, in recent years inverter suppliers have been rapidly developing ‘Internet of things’ software platforms to take advantage of this.

The German inverter producer’s sales also fell significantly in the past financial year. With its cost reduction program, SMA is now eager to orchestrate a turnaround, but its first-quarter guidance still shows a sustained downward trend.

In both Belgium and Chile, the planned mandatory installation of smart meters is raising concerns among consumers, residential PV system owners and the solar industry. Although seen as a positive, the early stages of smart meter deployment create issues related to the calculation of net metering tariffs and the management and ownership of consumption data, as well as additional costs for consumers.

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.

The production line would mean the Spanish company would comply with local content requirements. GPTech says its order book exceeds 400 MW, including 200 MW of large-scale projects in South Africa.

Having equipped a three-digit MW volume of large scale and distributed generation projects throughout the region, Sungrow is ready for a rapid regional expansion. EMEA general manager Derek Huang told pv magazine at the World Future Energy Summit about his expectations across all market segments.