Chinese group renews agreement with German wholesaler to supply gigawatts’ worth of string inverters over the next two years, following distribution of 1.6GWac last year.
Market research firm IHS Markit believes the PV inverter replacement market will increase by around 40% in 2020, creating an 8.7GW need outside new global installations.
Major solar inverter supplier Sungrow has signed a 100MW deal with Japanese company YUASA, aimed at addressing solar and energy storage needs in the changing landscape of Japan’s renewable energy market.
Taiwan has extended PV power project completion dates on component shortages caused by the coronavirus (COVID-19) outbreak in China, while India is expected to advise policy changes soon.
Major PV inverter manufacturer, SolarEdge Technologies has reported a second consecutive year of over 50% revenue growth as quarterly and annual sales continued to break company records.
Microinverter supplier Enphase Energy reported yet another jump in both shipments and revenue in Q4, with recent supply deals in the US and Europe expected to grow sales even further.
Growatt has introduced its new XH series of storage ready inverters that works with a low voltage battery and has a battery interface which can be easily extended later to a storage system without retrofit cost, providing home owners who are looking to convert their rooftop PV systems into solar storage systems in the future.
Major PV inverter manufacturer, SMA Solar Technology surprised with better than guided 2019 financial results as a surge in shipments and sales took place in the second half of the year.
