The Chinese government’s decision (531 New Deal) to curtail utility-scale and distributed generation (DG) PV deployments just after the SNEC trade show at the end of May, not only surprised the industry but has since fuelled a significant ASP decline of modules and inverters.
The long-standing CEO of major PV inverter manufacturer SMA Solar Technology, Pierre-Pascal Urbon has suddenly stepped down from his executive role and plans to leave the company altogether at the end of December, 2018.
Major PV inverter manufacturer SMA Solar Technology has lowered its full-year revenue and profit guidance due to the market downturn in China that has led to plummeting product prices and delays to PV Power plant development across major markets.
France-based floating solar (FPV) specialist Ciel & Terre has completed a 252kW FPV system wastewater treatment pond in Kelseyville, California, part of four projects in the US totalling 5.3MW in the third quarter of 2018.
Despite consistent year-on-year growth in India’s solar and wind sectors, the year 2018/19 will see a substantial slowdown of -49% compared to the previous year, according to consultancy firm Bridge to India’s report ‘India RE Map-2018’.
China-based PV inverter supplier Sungrow has signed an agreement with hydroelectric power firm Dai Hai Power to supply central inverters to a 100MW solar project located near the Northwest of Buon Me Thuot City, Vietnam.
Major PV inverter manufacturer Sungrow Power Supply Co is expecting the global floating solar (FPV) market to experience explosive growth in the next two to three years, in which it is targeting becoming the leading supplier of floating solar systems.