US-headquartered high-efficiency PV module producer SunPower Corp has announced a definitive agreement for leading microinverter firm, Enphase Energy to acquire SunPower’s microinverter business (formerly SolarBridge Technologies) in a staggered cash and share deal.
PV Tech’s recent coverage of three publicly listed PV inverter manufacturers (SMA Solar Technology, SolarEdge Technologies and Enphase Energy) first quarter financial results has highlighted a looming battle between two of the companies over achieving the highest annual revenue figures (US$ adjusted) in 2018.
Enphase Energy has launched its seventh-generation ‘Enphase IQ’ microinverters for the Enphase Home Energy Solution with ‘IQ’. The ‘Enphase IQ 7 Micro’ and ‘Enphase IQ 7+ Micro’ are designed for worldwide markets and have started shipping to distributors in the United States. Enphase IQ 7 microinverters will continue to be phased into markets around the world through the first half of 2018.
Leading PV microinverter supplier Enphase Energy has appointed current COO, Badri Kothandaraman as its new president and CEO, after the sudden departure of long-term CEO, Paul Nahi in early August, 2017.
Leading PV microinverter supplier Enphase Energy reported a strong rebound in sales and shipments, which hit a new record in the second quarter of 2017, yet losses continue and its founding CEO, Paul Nahi announced his resignation from the company.