Major China-based PV inverter manufacturer Sungrow Power Supply Co has reported preliminary unaudited revenue for 2017, which surpasses European rival, SMA Solar Technology’s revenue figures for the first time.
Major PV inverter manufacturer SMA Solar Technology has secured supply deals for more than 20 different utility-scale PV projects in Australia in 2017, totalling around 1.2GW and included for several large-scale PV projects funded by the Renewable Energy Agency (ARENA).
Major PV inverter manufacturer SMA Solar Technology reported a number of external forces that impacted third quarter financial results that would extend through at least the first half of 2018.
Major PV inverter manufacturer SMA Solar Technology has raised its full-year revenue guidance range on a 25% increase in its order backlog on strong market demand in all regions served and notably in the Asia-Pacific region (APAC).
In its tenth year of organisation, the Intersolar AWARD proceedings reflected a niche but high-profile sector of the downstream PV industry, floating solar. The coveted prize in the ‘Photovoltaics’ category went to project developer Ciel & Terre International, regarded as a pioneer of floating solar with around 43 projects completed.
PV inverter manufacturers SMA Solar, SolarEdge and Enphase have all recently reported first quarter 2017 financial results. As already highlighted by PV Tech, US residential PV installers have reported softer than normal sales in the quarter and dependence on the US market for SMA Solar and Enphase, coupled to continued pricing pressure took a toll on revenues.
Major PV inverter manufacturer SMA Solar Technology came through another tough year with unit volume sold a record 8.23GW in 2016 but ASP pressure ensured sales were down. The bright spot was its commercial solar business unit, which bucked lower sales in the residential and utility-scale sectors with 27% growth, year-on-year.
SMA Solar Technology has started offering the SMA Power+ Solution, which combines SMA inverter technology and intelligent PV module optimization in a cost-effective, comprehensive package. The basis of the intelligent SMA solution is the new Sunny Boy 3.0-5.0 with the new SMA Smart Connected service.
Major PV inverter manufacturer SMA Solar Technology has claimed to have shipped over 1GW of inverters to India in 2016, holding a 26% market share, based on its figures that the market size in the country reached 3.9GW.
