The EU’s Economic Security Doctrine has identified solar inverters as a high-risk dependency, a move which the European Solar Manufacturing Council (ESMC) has lauded.
Spanish inverter manufacturer Ingeteam has secured a contract from Danish developer European Energy to supply its technology to two solar PV power plants in Australia, totalling an installed generation capacity of 137MW.
The world’s top 10 solar inverter providers accounted for 86% market share in 2022, a year where the market saw a 48% increase in size year-on-year (YoY).
Trina Solar’s tracker manufacturing unit TrinaTracker has signed an agreement with Dongfang Electric International to provide 510MW of solar trackers for solar projects in Uzbekistan.
Sungrow has signed an agreement to supply 2.1GW worth of inverters to the Al Shuaibah PV project in Saudi Arabia, which will be the largest solar farm in the world once it reaches operations.
Solar inverter and solutions provider Solinteg is opening a new factory in the Chinese city of Wuxi that will add an initial 4GW of manufacturing capacity as the company aims to meet increasing demand for its products.
Inverter supplier SMA Solar Technology has published provisional financial results for 2022 which show significant improvements in EBITDA and net income compared with 2021.
Israel-headquartered smart energy technology company SolarEdge's yearly net income in 2022 dropped by 45%, despite the total revenue increasing by 58% year-on-year.
Inverter manufacturer Sungrow has signed a 500MW distribution partnership with Brazilian supplier SOL+ Distribuidora to supply its inverters in the Brazilian market.
