SolarEdge CEO steps down to aid company’s ‘full recovery’

Facebook
Twitter
LinkedIn
Reddit
Email
“To drive this recovery at a fast pace requires new energy and leadership,” said Lando. Image: Jonathan Tourino Jacobo for PV Tech

The CEO of Israel-headquartered solar inverter producer, SolarEdge, has stepped down. He said the “full recovery” of the company requires “new energy and leadership.”

Zvi Lando had been in the post for five years and served as SolarEdge’s VP of global sales for ten years prior to that. The company’s board of directors has installed Ronen Faeier, SolarEdge’s CFO, as interim CEO whilst it searches for Lando’s full-time replacement. Lando will remain on the company’s board and advice its management team over the leadership transition.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“The road to a full recovery of SolarEdge is still ahead of us and to drive this recovery at a fast pace requires new energy and leadership,” said Lando. “As such, I have decided to resign from my position as CEO. I am confident the focus areas we have defined and the trajectory we are on will continue the improvement trend.”

The company has had a relatively turbulent set of results over recent quarters. In Q4 2023 it posted a 76% drop in inverter shipments as demand declined steeply. This followed a roughly 20% drop in revenues over Q3 which it attributed to a “slow market environment”.

The first two quarters of 2024 saw a slight improvement in fortunes; shipments increased in Q1 to 946MW and revenues began increasing in Q2, even as shipment figures began to waiver again.

In January, the company announced plans to lay off 16% of its global workforce – around 900 people – as part of its efforts to adapt to what it called “current market conditions”.

Since late 2023, the sharpest drop in SolarEdge’s shipments and activity has been in Europe. During the company’s Q2 earnings call, Lando cited a “flat” corporate and industrial (C&I) market in Europe in particular. The company shipped 278MW of inverters to Europe in Q2 2024, compared with 3,261MW in the same period 2023.

Read Next

September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines