US-headquartered high-efficiency solar panel manufacturer SunPower Corp recently held its ‘Capital Markets Day’ event that indicated a slow turnaround in its business fortunes would be a key development in 2019. A key challenge for a company that has undergone several major restructurings in recent years has been the lack of profitability.
While Filipino policymakers ponder a controversial bill that would allow a solar company to set up a micro-grid and transmission franchise aiming to improve power supply across the country, a small town on the island of Mindoro is already enjoying round-the-clock electricity for the first time ever.
India's government has made clear its intentions to cultivate a solar PV manufacturing base at home, but interest from foreign players has yet to be translated into major capacity expansions. PV Tech gathered views from various players - both foreign and domestic - about what steps need to be taken, while at the REI Expo 2018 exhibition in Greater Noida, India.
Major PV inverter manufacturer Sungrow Power Supply Co, recently reported a relatively strong rebound in revenue (up 10%) in the first half of 2018 but on a quarterly basis the second quarter sales increased 29% from the previous quarter, indicating that greater dependence on China and the utility-scale market with central inverters, creates a ‘solarcoaster’ ride.
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.