Record quarter for SolarEdge as firm registers 22% growth in Q3
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%.
Siemens to equip 140 MW projects in Brazil, Pakistan
The German technology firm has bagged orders for the turnkey electrical equipment and installation of two solar farms in Brazil and Pakistan. In addition, it announced the end of its cooperation with German inverter specialist SMA by the year’s end, and plans to manufacture its own inverters.
GPTech to supply 197 MW inverters to PV projects in Malaysia
The Spanish inverter specialist is to supply solar farms being built in Malaysia by Norway’s Scatec Solar, which in turn is working with local ITRAMAS-led consortium on three 21-year PPAs with the country’s largest electricity utility, Tenaga Nasional Berhad (TNB).
ABB supplied central inverters to 246 MW Chilean solar plant
The El Romero Solar Plant in the Atacama Desert of Chile has been completed using 60 3.6 MW ABB inverter stations. Spanish developer Acciona constructed the solar farm and commissioned it last year.
ABB hits 5 GW Indian inverter supply milestone
Switzerland’s ABB has further consolidated its market presence in India’s burgeoning renewables sector, surpassing a 5 GW supply milestone. The company claims its inverters now power 40% of various solar projects across the country, whose accumulated capacity stands at 13 GW.
Denmark’s Better Energy signs solar partnerships with Tata Power Solar and Huawei
The Danish renewable energy developer partners with the Indian solar energy company for the supply of solar modules, as well as China’s Huawei for the its inverter solutions.
ABB secures $30m renewable integration contract in Germany
The Swiss power electronics giant has been chosen by Dutch-German transmission system operator TenneT to shore-up and stabilize parts of the grid to make them more amenable to intermittent power supply from renewables such as wind and solar.
Huawei begins string inverter installation at 50 MW Malaysian solar farm
The project will become the largest single solar site in Malaysia once completed. Chinese inverter company Huawei is installing its SUN2000-42KTL string inverters at the plant.
Italy’s Enertronica signs 200 MW solar supply and service deal in Spain
Two memorandums of understanding have been signed between Enertronica Group and Spanish EPCs for the shipment of 200 MW of inverters and SCADA and power plant controllers.
SolarEdge reports 18% growth in the second quarter
The company credited shipments of nearly 2 million optimizers and 75,000 inverters, along with increased sales in Europe, for the increase.
