SolarEdge’s Q4/2021 Financial Results
SolarEdge Exited 2021 With 34.6% Annual Growth In Revenues & 21% Improvement In Net Income
Israel headquartered solar inverter supplier SolarEdge Technologies, Inc achieved record revenues of $551.9 million in Q4/2021, reflecting an annual increase of 54% and contributing to the 34.6% YoY growth in 2021 revenues of $1.96 billion.
Enphase Ships 1.1 GW in Q4/2021
As Financials Improve, Enphase Plans Microinverter Contract Manufacturing In Europe
US based solar microinverter supplier Enphase Energy, Inc has revealed its plans to expand its existing production capacity for microinverters with the addition of a new contract manufacturing facility in Europe, by the end of this year, which its Pr.
SMA Solar Lowers 2021 Earnings Guidance
German Solar PV Inverter Maker Adjusts 2021 EBITDA Guidance Again
SMA Solar Technology AG, the German solar PV inverter manufacturer, has once again adjusted its EBITDA guidance for 2021, bringing it down from €50 million to €65 million to now €20 million and €30 million, citing trouble in an existing O&M service contract.
Inverters For Rooftop Solar Update
TaiyangNews Conference Explored Trends In Rooftop Solar Inverters
Even though there is constant talk about solar modules, their technology and prices, there are several other equally significant parts without which the smooth functioning of a solar system cannot be guaranteed.
Direct Testing For Commercial Solar Inverters
PV Evolution Labs To Test Inverters Directly For Investors & Developers
Independent test lab for downstream solar and energy storage market, PV Evolution Labs (PVEL) has introduced a new business model wherein it is now conducting tests on commercially procured inverters directly, without the need for a manufacturer to participate.
COVID-19 Brought Down SMA Solar’s H1/2021 Sales
German Solar PV Inverter Manufacturer SMA Solar Technology’s H1/2021 Sales Decline 5% Due To COVID-19 Related Uncertainties, But Net Income Increases; Order Backlog Grows 12% YoY; Management Confirms 2021 Sales Guidance
While sales in the business solutions segment declined, SMA Solar saw an increase in home solutions and large scale & project solutions business during H1/2021 on annual basis.
China PV News Snippets: Sungrow, GG, IRICO, Jinergy, SPIC
Sungrow Opens Chinese R&D Centre; Golden Glass Wants Loan For 1.2 GW HJT Solar Cell & Module Project; IRICO’s PV Glass Furnace Ignited; Spanish Module Order For Jinergy; SPIC To Build 800 MW Distributed PV+200 MW Energy Storage Projects In Dong’an
Sungrow R&D center in Nanjing : Solar PV inverter manufacturer Sungrow has opened its new R&D center in Nanjing region of China’s Jiangsu province. Spread over 2,000 sq.
Enphase Energy’s Q2/2021 Revenues Grew To $316 Million
Enphase Energy Reports $316 Million GAAP Revenues & 40.4% Gross Margin In Q2/2021; Bears Higher Component Costs & Sees Supply Chain Issues To Continue In Q3/2021, Before Getting Better In Q4/2021
Enphase Energy said the component supply chain issues continued to impact its business in Q2/2021, something it sees continuing in Q3/2021 but smoothening in Q4/2021. Revenue mix in Q2/2021 comprised 81% US and 19% rest of the world.
China PV News Snippets: JinkoPower, Akcome, TBEA, JYT, JA
JinkoPower To Build 1 GW Agrivoltaic Demonstration Project; Akcome Expects Net Loss For Shareholders In H1/2021; TBEA Subsidiary To Build 280 MW Solar Capacity; JYT Successfully Rolled Out 1st Monocrystalline Silicon Ingot From 12 GW Project; JA Solar To Cooperate With CITIC
1 GW agrivoltaic project for JinkoPower: JinkoPower has entered a partnership with Fujin city in Heilongjiang province to set up a 1 GW agrivoltaic demonstration project.
Sineng Electric’s 10 GW PV Inverter Fab Online In China
Official Operation of Solar PV Inverter Factory In China With 10 GW Annual Capacity, As Sineng Electric’s Manufacturing Base, Begins
Chinese solar PV inverter manufacturer Sineng Electric has officially thrown open its new manufacturing facility in China, with a massive 10 GW capacity. The facility was put into operation on July 22, 2021.
New Inverters Launched By Italian & US Companies
Italy’s Fimer Launches High-Power String Inverter & Modular Conversion Solution For Utility Scale Solar Market, While US Based Yotta Energy Unveils Dual-Power Inverter For Commercial Solar Customers
The growing solar PV market globally is encouraging companies to bring out more and high power products for the solar supply chain. Inverters, the brain of a solar system, are not untouched by this growth.
New 50 kW Solar Inverter For European Commercial Rooftops
Taiwan’s Delta Electronics Launches 50 kW Solar Inverter For Commercial Rooftop Solar Applications Targeting Select European Nations
Taiwan based global solar PV inverter supplier Delta Electronics, Inc. has introduced a new generation of solar inverters in its M50A Flex series, with a capacity of 50 kW for PV systems.
Enphase Shipped 830 MW DC Microinverters In Q1/2021
Enphase Energy’s Reports $301.7 Million Annual Revenues In Q1/2021; Claims Component Shortage Impacted Shipments; Plans To Further Expand Quarterly Production Capacity In Mexico & India
Component supply constraints hit Enphase Energy’s business in Q1/2021, according to the management, however it touted increased customer demand to have helped it improved its annual revenues and gross margin.
China PV News Snippets: Cybrid, Sungrow, Zhonghuan, GoodWe
Cybrid Q4 PV Backsheet Revenue At RMB 308 Mn; Sungrow Signs 500 MW Agreements; Cybrid To Raise RMB 700 Mn To Expand Solar Encapsulation Film; Zhonghuan 2nd G12 Smart Slicing Factory In Progress; GoodWe & GS Global Partner For 100 MW PV Inverter Supply
Cybrid registers Q4 PV backsheet revenue at RMB 308 million: Announcing its fourth quarter results for 2020, Cybrid Technologies said that the output for its POE encapsulation film was 30,875,300 m2, the sales volume reached 31,829,800 m2, and the operating income at RMB 356 million ($54.98 million).
SolarEdge & Sunrun Enter Strategic Agreement
Sunrun To Source Next Generation PV Inverter Energy Hub From SolarEdge Under Expanded Supply Agreement With Israeli-US Company
Solar PV inverter supplier SolarEdge Technologies, Inc. will supply its next generation PV inverter Energy Hub for American residential solar installer Sunrun’s customers, under a strategic agreement reached.
SMA Solar Sold 14.4 GW Solar Inverters In 2020
German Solar Inverter Maker SMA Solar Bullish On Future Prospects After Selling 14.4 GW Capacity In 2020; Preliminary Assessment Offered Shows Group Turned Profitable With €28 Million Net Income
With 14.4 GW solar PV inverters sold in 2020 reflecting 26% annual growth over 11.4 GW sold in 2019 Germany’s SMA Solar Technology AG exceeded 100 GW of installed inverter capacity globally.
China PV News Snippets: Sungrow, Qingdao, Trina, Tongwei
Sungrow To Raise RMB 4 Bn; Qingdao To Invest RMB 183 Mn In PV R&D Center; Trina Leads 2020 Ranking Of Contracted Overseas Power Projects; Tongwei & China Power Institute Sign Agreement; Qianyuan Power To Invest RMB 400 Mn In Agricultural PV Station
Sungrow intends to raise RMB 4 billion for new energy bases: Solar inverter and PV mounting equipment supplier Sungrow said in an announcement that it planned to raise RMB 4 billion ($0.62 billion) for the annual production of 100 GW of new energy power generation equipment manufacturing base projects.
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