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.
ROTH Capital and Wood Mackenzie analysts have updated their outlooks on COVID-19's potential impacts on the US residential and utility-scale solar markets, respectively.
Minister says country will ‘not give up’ on green energy ambitions despite pandemic, with deadlines eased as tender contracts are awarded to ground-mount PV and others.
Taking a more pessimistic view of the impact of COVID-19 on the end-market demand for solar installations in 2020, IHS Markit expects global installs to decline 16% to 105GW in 2020, compared to around 125GW in 2019.
Having already guided expected GAAP net losses of US$145-195 million for 2020, high-performance PV manufacturer, SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
The Solar Energy Industries Association (SEIA) has warned that support is needed for approximately 250,000 people that directly work in the US solar industry as COVID-19 could impact as much as 50% of the sector.
