US solar installer SunPower reported a 2.9% increase in annual revenue in 2020 despite total installations falling 5% in what the company has described as a transformational year.
Greek industrial group Mytilineos has acquired a portfolio of solar and battery storage projects in a €56 million transaction it says “heralds the transition to a new era” for the company.
US utility Duke Energy should refile its 2020 integrated resource plan (IRP) to effectively allow for the diversity benefits of solar and storage to be captured, it has been argued by energy consulting firm E3.
Power product supplier Generac’s net sales rose to a record US$2.5 billion in 2020 thanks to soaring demand for home generators and fast growth in the US' residential solar-plus-storage sector which kept gross margins buoyant.
Growatt has launched a powerful 1500V string inverter for large scale solar plants. The MAX 1500V inverter aims to lower LCOE and achieve higher yields for clients.
Major inverter manufacturer SMA Solar Technology has reported preliminary full-year 2020 financial results which met the low end of guidance but also reported a slight decline in fourth quarter sales coupled to plummeting gross margins.
