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.
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).
SPONSORED: One answer to helping push forward the commercial-scale solar market could be borrowed from experiences with utility systems, inverter innovation, writes SolarEdge's Lior Handelsman.
Mobisol has secured funding from Finnfund for its East Africa expansion, CEFC's investment commitments more than doubled last fiscal year, Acciona is supplying renewable energy to Latin America's largest retail store chain, Sungrow has supplied inverters and an energy storage system to the Bahamas.
Imported inverters could even be subject to an extra International GST tax, while an MNRE official told Mercom that there would be a 5% increase in solar project costs.
India reached 1,396MW of rooftop solar deployment at the end of March, with nearly half (678MW) of this installed just in the fiscal year 2016-17, according to the latest ‘India Solar Rooftop Map’ from Bridge to India.
Inverter supplier SMA America has signed off on a 10-year Master Service Agreement with Cypress Creek Renewables, under which SMA will take part in inverter preventative maintenance services for a portfolio of solar projects, primarily located in North Carolina.
