Analysts say residential solar specialist is ‘well positioned’ to witness growth in 2020, amid claims by the firm its indicators remain solid despite talk of COVID-19 impacts on other installers.
Exports of solar products from China in January 2020 were around 35% lower than in the prior year period, according to an accumulation of official export data, recently released.
Major PV inverter manufacturer, SolarEdge Technologies has reported a second consecutive year of over 50% revenue growth as quarterly and annual sales continued to break company records.
Microinverter supplier Enphase Energy reported yet another jump in both shipments and revenue in Q4, with recent supply deals in the US and Europe expected to grow sales even further.
With developers facing months of delivery delays for Chinese solar parts, India has said it will consider extending deadlines for PV projects scheduled to be switched on this summer, relieving developers from costly fines.
There needs to be a comprehensive industrial strategy for the solar industry located in the EU as part of the pending release of the EU’s own ‘Green Deal’ strategy, according to German manufacturing trade group VDMA (Mechanical Engineering Industry Association) and solar trade association, SolarPower Europe.
Firm forecasts fiscal year 2020 GAAP net losses of US$145-195m despite its return to profitability in a year of record roll-out but also ‘disappointing’ execution challenges.
