Firm will keep an eye on potential cancellations after growth in US, Australia, Germany and others helps offset hit in Italy, bringing quarterly revenues to all-time high of US$431.2 million.
Four-year partnership with Technology Credit Union set to bring financial reprieve to firm, forced by pandemic to idle solar factories worldwide and enact sweeping cost cuts.
Lawyers: US president’s order to block electric equipment purchases if they are judged a national threat creates more questions than it answers but it ‘arguably’ does not apply to solar and wind.
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.
US solar residential player facing layoffs and 2020 uncertainty appoints Tom vonReichbauer as CFO, enlisting individual with past senior roles at Ford, Tesla, Nest and Google.
Order signed by US president grants importers 90-day deferment on the payment of duties, taxes and fees to help with COVID-19 impacts, but does not extend the lifeline to PV components.
US trade reps move once more to scrap reprieve for two-sided modules from Section 201 tariffs, but measure cannot come into force until last year’s court injunction is lifted.
