SolarEdge posts record revenue and inverter shipments as ‘strong momentum’ in Europe continues

Facebook
Twitter
LinkedIn
Reddit
Email
SolarEdge has shipped a record 1.4GW of inverters in Europe during Q3 2022. Image: SolarEdge.

Inverter manufacturer SolarEdge has posted record revenue and inverter shipment for Q3 due to its “strong momentum” in the European market.

Revenue in Europe increased by 90% compared to the same period last year and by 42% from Q2 2022, with record quarterly revenue in the region already shown since the beginning of the year and with strong performance in Germany – with 125% growth from the previous quarter – and the Netherlands in particular.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

SolarEdge expects the “strong momentum” in Europe to continue well over 2023 and has seen an elevated level of new orders, while Europe has been prioritised during Q3 – in particular the residential market – with the US revenue falling from Q2 2022, according to CEO Zvi Lando during a conference call.

However, the US commercial segment had a record inverter and optimiser shipment and for a fourth quarter in a row had double-digit growth in its megawatt shipments.

During Q3 2022, the company shipped 2.7GW of its inverters worldwide, increasing its record from the previous quarter where it passed the 2.5GW threshold for the first time, as shown in the chart below.

The Europe segment registered a record 1.4GW of all shipments, while the US was at 859MW during Q3 2022 and ‘rest of world’ at 470MW, within which Taiwan and South Africa had record revenues.

Commercial and residential were close to parity in Q3 with 52% and 48% share of revenues, respectively.

The record in inverter shipment has resulted in the company posting record revenue of US$836.7 million – of which US$788.6 million came from its solar segment – during Q3 2022, a 59% increase from the same period last year when it had revenues of US$526.4 million.

“We believe that the continued increase in manufacturing capacity in our existing manufacturing lines combined with our plans to establish a manufacturing footprint in the US will allow us to capitalise on the strong demand we are experiencing globally,” said Lando.

As demand is outpacing the company’s production capacity, SolarEdge is working hard to close the gap by ramping up capacity in its new facility in Mexico, according to Lando during a conference call.

Moreover, with the increased demand from the US market and the recent passing of the Inflation Reduction Act, the manufacturer aims to establish its manufacturing capacity in the US within 2023. The firm is in active planning and site selection process, added Lando.

However, the ongoing complaint filed by Ampt in August alleging parent infringement on power systems technology, could mean the company faces a potential US import ban. This depends on the decision from the International Trade Commission (ITC) after it launched an investigation on the matter earlier this year.

Conference call transcript from the Motley Fool.

21 May 2025
London, UK
The Renewables Procurement & Revenues Summit serves as the European platform for connecting renewable energy suppliers to the future of energy demand. This includes bringing together a community of European off-takers, renewable generators, utilities, asset owners, and financiers. The challenges ahead are complex, but through collaboration, innovation, and a shared vision, we can navigate uncertainties and forge a sustainable energy future. Let us harness our collective knowledge to advance the renewable energy agenda.
3 June 2025
Messe Stuttgart Stuttgart, Germany
Meet battery manufacturers, suppliers, engineers, thought leaders and decision-makers for a conference and battery tech expo focused on the latest developments in the advanced battery and automotive industries. Stay plugged in for all the latest information on The Battery Show Europe 2024 including: Keynote Speakers & Conference Overview Show Features Floor Plan & Exhibitor News Travel & Transport information
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

May 20, 2025
The ability of PV simulation software to accurately simulate energy performance for bifacial modules leaves more questions than answers.
May 20, 2025
Enfinity Global has secured €100 million from Eiffel Investment Group to advance its solar PV and battery energy storage system (BESS) portfolio in Europe.
May 20, 2025
'We’re here because you do it really well, and we want to learn from you,' Abigail Ross Hopper, CEO of SEIA, told PV Tech Premium.
Premium
May 20, 2025
PV Talk: At this year’s Intersolar event SEIA's Abigail Ross Hopper said a 'universal effort' would be needed for the energy transition
May 19, 2025
Premier Energies has partnered with Sino-American Silicon Products Inc to establish a 2GW per annum silicon wafer manufacturing facility in India.
Premium
May 19, 2025
The increasing sophistication of inverters means they have a role in everything from cybersecurity to home energy management.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia