Diehl Controls, a subgroup of Germany's Diehl Group, has sold its photovoltaics business unit to mutares Solar, a subsidiary of Munichs investment company mutares.
PV inverter sales at Advanced Energy (AE) remained strong in the fourth quarter of 2012 at US$59.6 million, down only 1.8% from US$60.7 million reported in the third quarter of 2012.
PV inverter specialist, Power-One reported fourth quarter revenue of US$192 million, within revised guidance but sales declined 32% in Europe, forcing the company to adjust production to demand with the planned loss of 300 jobs.
Weaker than expected demand in key markets of Italy and Germany in the fourth quarter has led PV inverter supplier Power-One to lower revenue guidance to between US$190 million to US$195 million, down from a range of US$210 million to US$230 million.
Power-One, an inverter manufacturer, and module manufacturer Phono Solar signed a strategic alliance to market and sell PV systems using their respective technologies.
Energy management company Schneider Electric has secured over 100MW worth of projects in India with its new Conext Core XC Inverter in the three months since its launch.
Utility-scale PV inverter specialist Advanced Energy Industries (AE) has reported record sales of US$60.7 million in Q3 2012, fuelled by growing demand from the North American large-scale commercial and utility markets.
SMA Solar Technology issues a rather dire outlook for 2013, noting that because of the large subsidy cuts for PV, and the expected European downturn because of the cuts, the company’s managing board anticipates sales to drop to somewhere between €0.9 billion and €1.3 billion in 2013.
