PV manufacturing capacity expansion announcements in the first quarter of 2018 continued to follow the strong trend set in the fourth quarter of 2017. The quarter also represented a revival in thin-film expansion plans as well as the return of PV module assembly outpacing solar cell announcements. Also notable was the return of India and the US as major destinations for new capacity plans.
PV Tech’s recent coverage of three publicly listed PV inverter manufacturers (SMA Solar Technology, SolarEdge Technologies and Enphase Energy) first quarter financial results has highlighted a looming battle between two of the companies over achieving the highest annual revenue figures (US$ adjusted) in 2018.
As previously reported there was a significant slowdown in global solar PV manufacturing capacity expansion announcements in the third quarter of 2017, which we highlighted was hardly surprising due to significant level of expansions plans announced in the first half of the year. However, despite increased concerns over the potential imposition of restrictive trade practices in the US and India in the fourth quarter of 2017, there was a significant rebound over the previous quarter, leading to the highest recorded gigawatts of new expansion announcements.