PV inverter manufacturer SolarEdge Technologies has reported another quarter of record revenue and shipments on strong demand from key markets such as the US and Europe. The company also guided revenue much higher for the third quarter of 2017.
Having just completed its first ‘Solar Roof’ tile system installations in the US, Tesla said in reporting second quarter 2017 financial results that production of the roofing tiles would not enter mass production at its Gigafactory 2 in Buffalo, New York until the end of 2017.
Despite running at full-capacity, US-headquartered high-efficiency PV module producer SunPower Corp has lowered its full-year revenue guidance as losses mount and margins compress across its utility, commercial and residential markets.
US-headquartered PV manufacturers SunPower and First Solar are expected to collectively sell their stakes in their joint venture yieldco, 8point3 Energy Partners.
Major PV inverter manufacturer SMA Solar Technology has raised its full-year revenue guidance range on a 25% increase in its order backlog on strong market demand in all regions served and notably in the Asia-Pacific region (APAC).
Bankrupt German integrated PV module manufacturer SolarWorld AG has announced the resignation of its Management Board, excluding founder and chairman, Dr. Ing. Eh Frank Asbeck.
The US$1.6 billion sale of major US utility-scale solar developer and operator FTP Power LLC (sPower) to AES Corporation and Canada-based investment manager Alberta Investment Management Corporation (AIMCo) has been completed.
