Major PV inverter and smart energy manufacturer SolarEdge Technologies has reported record fourth quarter and full-year 2018 revenue, which increased by 54.4%, due to strong product demand.
The Indian state of Tamil Nadu is planning to be an international climate leader for emerging economies by 2023 through its new target of 9GW of solar PV by the same year.
Chinese inverter manufacturer Growatt has opened its fifth hub in Europe as it continues to target overseas markets.
A summary of solar news from across Europe including a rapid-fire install in Estonia.
Independent solar power producer Scatec Solar has reported strong 2018 financial results, having reached 584MW of plants in operation and another 1,071MW currently under construction in six countries.
Major PV inverter manufacturer SMA Solar Technology has reported preliminary 2018 financial figures that only met the low-point of revised guidance issued in November, 2018.
PV inverter manufacturer KACO new energy is changing its business focus to include only string inverters and energy storage products, after its acquisition of Energy Depot, selling its central inverter business subsidiary in South Korea to OCI Power. Financial details were not disclosed.
JinkoPower has connected a 100MW solar plant to the grid in Mexico using 1500V smart solution from China-based firm Huawei integrating inverters and transformers.
A series of issues that initially centered on the US Section 201 case, the US v China trade, China’s 531 New Deal and India’s trade tariffs, combined to slice around US$3 billion from the total global corporate funding into the solar sector in 2018, according to Mercom Capital Group.
Huawei has been chosen as the sole inverter supplier for Saudi Arabia’s 300MW Sakaka plant, the first large-scale solar project in the country.
Inverter and smart energy manufacturer SolarEdge has acquired the Italian e-mobility firm SMRE.
PV inverter supplier SMA Solar is to lay off 425 full-time staff and discontinue China as a location as part of a restructuring plan announced in September in order to return the company to profitability quickly.
Despite the "absolutely fantastic" progress in a year of tough market conditions, Bridge to India has said rooftop solar should be given more government support.
SMA to supply inverters to 50MW Mali solar plant, EIB to provide US$87 million to Mexican solar, Solkompaniet completes largest solar project in West Sweden.
Major PV inverter manufacturer SMA Solar Technology has lowered both its revenue and profit forecast again for 2018, citing continued ‘strong pricing pressure’ through November.
