There were a number of key factors at play in the first quarter of 2020 that either positively or negatively impacted financial results for five public listed PV inverter manufacturers in the quarter.
Firms tell media outlets of multi-million charges as Trump administration brings two-year ‘holiday’ to an end, hitting PV project revenues as SEIA estimates suggest solar jobs could drop to 2014 levels.
Sector sheds in two months twice the workers it had gained over two years and could see cumulative losses of 850,000 by 30 June, according to latest update by E2, ACORE and others.
Major PV inverter manufacturer Sungrow Power Supply Co exported a total of 9GW of PV inverters to overseas markets in 2019, an 87.5% increase year-on-year, due to the significant decline in solar installations caused by policy changes in the Chinese domestic market stretching back to May 2018.
The PV inverter rooftop solar market in India was dominated by three China-based manufacturers last year, led by Growatt, according to JMK Research & Analytics.
Consultancy cites project delays and financial fallout as it cuts its pre-pandemic 2020 global solar installation forecast by 18% from 129.5GW to 106.4GW.
KSTAR has introduced its new KSG grid-tied PV inverter KSG-3000S / KSG-3000D / KSG-3600D / KSG-4000D / KSG-4600D /KSG-5000D / KSG-6000D series for residential and commercial rooftop applications.
Grid operator REE says technology’s ‘flexing of muscles’ in March heralds strong summer, bringing a brighter turn of events for a sector that doubled installed capacity to 9GW last year.
