Azure Power and Tata Power were among winners in a reverse auction for 1.2GW of solar projects in India, with a winning tariff of INR2.43/kWh (US$0.0324).
Huawei has won a patent infringement case against SolarEdge in China, with the Guangzhou Intellectual Property Court ordering SolarEdge to pay RMB10 million (US$1.4 million) in compensation.
US residential solar installer Vivint Solar deployed around 44MW of solar in the second quarter of 2020, beating expectations and helping to shrink its losses.
SunPower exceeded its previous guidance for both revenue and shipments in Q2, capitalising on what it said was improving demand for distributed generation.
Having exerted more control over its operational expenditure, SolarEdge has hinted it will take advantage of a broader, more global sales base and deeper talent pool to strengthen its focus on R&D.
Energy tech company AES has made a strategic investment in 5B, an Australian energy start-up that manufactures modular ‘plug and play’ solar solutions.
The major US residential installer has reported a surge in both revenues and earnings during Q2 2020, leading it to claim it is not only surviving the COVID-19 pandemic, but thriving.
Sections of the US residential solar industry are on track to shake off the economic effects of COVID-19 and record positive figures for the remainder of the year.
