PV inverter manufacturer SolarEdge Technologies reported fourth quarter and full-year 2016 results that were impacted by a slowdown in the US residential market in the second-half of the year. European and Asia markets helped revenue grow 15% in 2016.
Major PV inverter manufacturer Sungrow Power Supply said its inverter testing centre in China has been qualified by Underwriters Laboratories (UL), to participate in the UL Witness Testing Data Program (WTDP).
At the beginning of August, major PV inverter manufacturer Sungrow Power Supply Co., raised around US$400 million in new capital via a private placement of shares with multiple Chinese banks.
Leading PV inverter company Huawei said it had formed a strategic partnership with PV project developer and EPC firm, Strata Solar, which will include the supply of Huawei’s flagship Sun2000 string inverters to planned utility-scale solar power plant projects in North America.
China-based PV manufacturer and project developer ET Solar signed a cooperation agreement with the largest PV inverter producer, Huawei as it aligns key suppliers around its plans to build 1GW of PV power plants around the globe over the next 12 months.
PV inverter manufacturer KACO new energy has said it has signed a 50MW supply deal with the Turkish project developer, Aldo Grup for planned projects through the end of 2017.
US-based solar PV installer Sunworks said it had selected SolarEdge Technologies has its preferred inverter supplier on the back of expected residential market growth in the fourth quarter of 2016 onwards.
The annual US-based Solar Power International (SPI) exhibition and conference historically generates a significant number of new product launches and can set new trends and directions for the downstream solar PV sector, globally. High-efficiency modules and high-voltage were the themes of new products announced at SPI on the second day.
PV inverter manufacturer SMA Solar Technology said it would close production facilities in Denver, US, and Cape Town, South Africa on continued competition issues and consolidate global inverter production in Germany and China.
PV inverter firm SolarEdge Technologies reported fiscal fourth quarter revenue of US$124.8 million, which was at the low end of guidance, due to a slowdown in the US residential market, its biggest market for the company.
