Inverter manufacturers face a growing but increasingly tough market over the next four years characterised by cost pressures and ever tighter margins, GTM Research claims.
Waaree Energies, one of India’s largest PV module manufacturers, is significantly adding capacity to meet demand. Having already expanded capacity to 500MW it now plans to double that to 1GW over the next four months.
Scatec Solar has reported a second quarter of strong revenue growth off the back of a 54% increase in power production from its growing fleet of operational PV plants.
PV systems provider First Solar has announced that multinational technology giant Apple has committed US$848 million for First Solar’s California Flats Solar Project in Monterey County, California.
Major US utility Duke Energy has proposed multiple solar power programs to the Public Service Commission of South Carolina (PSCSC) which would help expand the PV market within the state.
Renewable energy company SunEdison has reached an agreement with solar developer PermaCity to develop, construct and own 22MW of rooftop solar as part of the Beacon Bundled Solar contract that the Los Angeles Department of Water and Power (LADWP) gave to SunEdison in July 2014.
The top 20 PV module manufacturers shipped 8.8GW in the fourth quarter of 2014, generating an estimated US$5.9 billion in revenue, according to market research firm IHS.
The director of the US Department of Energy’s (DoE) solar cost cutting programme has hailed the “phenomenal jobs growth rate” that the US solar industry has enjoyed in recent times.
