Wood Mackenzie expects more consolidation in inverter business
The research firm says the value of the global inverter market will continue to decline until 2024, even though shipments will likely increase. China’s recent policy changes have increased pressure on prices, which will contribute to greater consolidation in the sector.
SolarEdge posts strong revenue increase, slight drop in net profit
The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.
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.
“Spain is the hottest PPA market in the world, but auctions are necessary”
That was the one of the main conclusions reached among 400 attendees at the Solar plants in Spain: development, financing and energy future conference, organized by Soltec and PV association UNEF in Madrid this week.
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.
Italy’s Fimer enters string inverter business, plans stock exchange listing
In an interview with pv magazine, managing director of the Italian central inverter specialist, Filippo Carzaniga discusses the company’s new strategy, explains the reasons for the listing. After delivering 1.5 GW of inverters in 2017, Fimer hopes to increase its shipment volume by around 10% this year, to between 1.6 GW and 1.7 GW.
SolarEdge posts 82% revenue growth, announces acquisition of Gamatronic
GAAP gross margin improved 4% year-on-year, while shipments grew by 345 MW in the most recent quarter. Through the acquisition of the U.S.-based UPS provider, the Israeli inverter supplier makes its first move outside of the pure-play solar sector.
Enphase sees CFO leave, presents stable numbers for Q1 2018
The American microinverter maker is reporting only modest losses in its Q1 results, a significant improvement from a year ago.
SolarEdge launches inverter with EV-charging capability
Power electronics company, SolarEdge has announced the launched of an EV charging inverter in Europe.
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.
