Brazil: state of Goiás introduces tax break for PV components
The government of the Brazilian state of Goiás has implemented a measure suggested by Brazil’s central government.
Inverters with highly integrated components can lower costs, finds Fraunhofer ISE study
Innovation project conducted in collaboration with SMA and Phoenix Contact identifies cost, weight and power advantages of sintering mechanical components of the inverter, and reimagining electromechanical components.
AEG Power Solutions’ insolvency plan unanimously approved
All the creditors will have to provide a restructuring contribution in order to ensure the survival of the company. Once the insolvency plan is approved, the related insolvency proceedings will be closed.
SMA announces “major hiring push” in California, U.S. Northeast
The inverter giant’s expansion plans are a response to what it says are favorable market conditions. In addition, the company is introducing new products to the U.S. market, including solutions for battery storage.
Five takeaways from PV Expo Tokyo 2017
PV Expo Tokyo, the leading solar power show for the world’s third-largest PV market, concluded last week after three full-on days. pv magazine reports on five key takeaways from this year’s show.
SolarEdge to launch residential PV solution in Europe
Israeli headquartered power electronics specialist SolarEdge has announced that it is rolling out a complete solution for residential PV, consisting of inverter, storage and home automation system.
Huawei European distributor books 500 MW of inverters
German engineering and systems integrator Wattkraft agrees framework agreement with the Chinese inverter specialists for the supply of 500 MW of inverters to be shipped within Germany and beyond.
SolarEdge Q2 2017 financials show record 35% gross margin
Israeli module level power electronics firm posts highest gross margin to date despite slowdown in U.S. residential market, which remains the firm’s chief revenue stream.
ABB to transfer solar inverter business to new division
The Swiss power electronics company’s 2016 financial report reveals reclassification of its solar inverters as Electrification product – a move intended to aid profitability.
SMA’s yearly financials show record sales output, but a drop in revenues
Last year was a goody for German solar inverter manufacturer, by posting recording breaking sales figures alongside a rise in EBIT, however, the increase in price pressure in 2016 saw revenues fall, while this trend is expected to continue in 2017.
