Power product supplier Generac’s net sales rose to a record US$2.5 billion in 2020 thanks to soaring demand for home generators and fast growth in the US' residential solar-plus-storage sector which kept gross margins buoyant.
The Global Solar Council (GSC) is forecasting for 2021 to be “transformational” for solar power, as the sector builds on momentum from governments’ efforts to drive a green post-pandemic recovery and growing investor confidence in the PV sector.
Spain can be the global leader in producing green hydrogen thanks to its high levels of irradiation and available space for developing new PV projects, it has been suggested during the Solar Finance & Investment Europe 2021 online event.
Oil and gas major Shell has said it will spend between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050.
Leading microinverter supplier Enphase Energy reported record full-year revenue and shipments in 2020, driven by an ongoing transformation in its contract manufacturing supply chain that will enable the company to supply between 16 million to 20 million microinverter units in 2021, should demand allow.
Enphase Energy has acquired another solar design outfit, taking on the Solar Design Services business of Noida, India based DIN Engineering Services LLP.
Enel Green Power has begun a new programme to explore how to successfully integrate arable and pastoral farming activities alongside large-scale solar PV projects.
