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.
PVEL Opens New US Solar Inverter Test Centre
Advanced Solar PV Inverter Test Center Of PVEL Open In San Francisco Lab To Test Up To 1500V String Inverters & Power Electronics
PV Evolution Labs (PVEL) has come up with an advanced inverter test center in the US after it renovated its South San Francisco Lab. This refurbished facility can test string inverters and power electronics for solar projects of any scale.
China PV News Snippets: JA Solar, Sungrow
Trina Solar Begins 500 MW+ Vertex Solar Module Production Aiming For 31 GW Capacity By 2022; Huaneng Group Procurement Bid For 5 GW
Sungrow’s cumulative installed floating PV equipment capacity globally is close to reaching 1 GW level. At the end of June 2020 it exceeded 900 MW, said the company.
10% US Tariff On $200bn Chinese Goods To Remain
United States To Continue 10% Tariff Rate On Imported Chinese Goods Worth $200 Billion For 90-Day Period Starting January 1, 2019; China Made PV Inverters Included In List
The US White House decision to delay the increase in import tariffs for a 90-day period on $200 billion worth of Chinese imports includes PV inverters, which means import tariffs for such products from China remain at 10%.
ABB Leads Indian PV Inverter Market
International PV Inverter Manufacturers Hold 96% Market Share In India, says Mercom Capital
While two European companies, ABB and SMA, lead the PV inverter market in India so far, Chinese company Chint follows on rank 3, ahead of Japanese JV Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC) and Schneider Electric from France.
New Indian Quality Regulation for PV Equipment
India Issues Draft Regulation For PV Product Quality Checks As It Strives To Ensure Reliability Of Photovoltaic Equipment
The Government of India has issued a draft regulation for quality of modules, inverters and batteries, but also plans to bring out a lab policy for the renewable energy sector for testing, standardization and certification of equipment.
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