SolarEdge To Acquire Hark Systems
Energy Analytics & IoT Company To Help Expand SolarEdge’s Monitoring & Energy Management Services For C&I Customers
SolarEdge Technologies, Inc is acquiring UK based energy analytics and internet of things (IoT) company Hark Systems Ltd in a move that it believes will help its commercial and industrial (C&I) customers expand their capabilities in energy management and connectivity.
New Solar Products Overview 9M/2022
A Selection of Interesting Global PV Product Releases In first 9 Months of 2022
As the solar market has been continuing to grow rapidly over the course of 2022, the solar industry has been addressing the gigantic demand with many interesting new products across the value chain.
China PV News Snippets
TEDA 260 MW PV Project Begins Construction & More From Yujing Machinery, China Datang, GoodWe, Jinchen Corp, Solis
Construction begins for TEDA’s large distributed PV project; Yujing Machinery to sell 210 diamond wire slicer to Trina; State Grid to invest in Agri-PV projects; China Datang procurement bid winners out; GoodWe H1 2002 report released; Jinchen .
China PV News Snippets
CTG Enters PV Cell Production & More From GCL System, Lucky Optoelectronics, TBEA, China Huadian, Shangji Automation
CTG invests in new 10 GW PV cell production facility; GCL System revenue at RMB 2.7 bn in H1 2022; Lucky Optoelectronics begins new material project; TBEA releases H1 2022 results; Yajiang Hongxing I project begins; Shangji Automation announces 2022 semi-annual results.
Sungrow Inverters For 120 MW ‘Largest’ BIPV Project
World’s ‘Largest’ BIPV Project With Sungrow Inverters Takes Shape In China
Chinese solar PV inverter supplier Sungrow is supplying its inverters for what it terms as the world’s ‘largest’ building integrated PV (BIPV) project to date with 120 MW planned capacity whose Phase I was commissioned in June 2022.
China PV News Snippets
Yingli Solar ground breaking for 5 GW cell line & More From Shuangliang Eco-Energy, Lixin, Gold Stone, Chint Power
Yingli begins construction of 5 GW high-efficiency cell line; Shuangliang Eco-Energy to lend RMB 1.1 bn; Lixin invests in new energy projects; Gold Stone launches 800 MW production line; Risen to invest in silicon metal project; Chint commissions 3 GW manufacturing base.
SMA Solar’s H1/2022 Financials Take A Beat
Supply Chain Challenges Pull Down SMA Solar’s H1/2022 Sales, But Management Reiterates Annual Guidance
German solar inverter maker SMA Solar Technology AG blamed ‘persistent supply difficulties’ for electronic components’ impacting its financials in H1/2022 as net income declined to -€10.6 million compared to €13.3 million earned a year back, however its order intake continued to be high.
SolarEdge’s Q2/2022 Financial Results Out
Europe & US Markets Drive Solar Revenues For SolarEdge In Q2/2022 As Supply Chain Challenges Continue
Israel headquartered solar PV inverter supplier SolarEdge Technologies, Inc saw its GAAP revenues surge 52% YoY to $727.8 million in Q2/2022 led by solar, and growing demand for clean energy, majorly from Europe and the US markets, however its net income went down 67% to $15.1 million.
Patent Lawsuit Against SolarEdge Technologies
Ampt Accuses SolarEdge Of Patent Infringement Over Power Optimizer Technology
Ampt LLC, a US based power optimizer supplier to large scale solar energy systems, has filed a lawsuit against Israel headquartered SolarEdge Technologies in the US, accusing it of infringing on its patented power optimizer technology.
Healthy Enphase Energy’s Q2/2022 Financial Results
Strong European Sales Lead Enphase Energy To Report Another Strong Quarter In Q2/2022
US based solar microinverter and storage systems supplier Enphase Energy, Inc reported another healthy quarter in Q2/2022 with 66% annual growth in the US and 89% in Europe contributing to total revenues of $530.19 million, while GAAP net income swelled to $76.97 million.
2021 Inverter Rankings A Chinese Game
Global PV Inverter Shipments Added Up To 225 GW AC In 2021, Led By Huawei & Chinese Peers
In 2021, global solar PV inverter shipments added up to 225.286 GW AC in 2021, having grown 22% or 40.25 GW AC on annual basis, thanks to strong growth supported by government policies in the markets of Europe, India and Latin America, says Wood Mackenzie.
China PV News Snippets
Sineng’s India Inverter Shipments Exceed 6 GW & More From Tongwei, Huasun, Xinhua Hydropower, Ancai, Zhengbang
Sineng celebrates 6 GW milestone; Tongwei’s Qinghai Gaojing contract; Huasun & EcoSolifer partner; Xinhua Hydropower’s 2 GW solar project; Ancai PV glass deal with JA Solar; 10 GW RE plans of Zhengbang Technology.
China PV News Snippets
Golden Glass 700 W+ HJT Modules Shipped & More From Hoymiles, CECEP, Huaneng Lancangjiang
Golden Glass releases its first shipment of 700 W+ HJT modules; Hoymiles launches RSD system in US, Thailand and Greater China; CECEP gets approval to raise RMB 6 billion; Huaneng Group gets into investment deal for 5 GW of high-efficiency HJT PV cells and 5 GW of modules in Dali.
China PV News Snippets
Day 2 Of TaiyangNews Conference Tomorrow & More From GCL-SI, Nenghui, Growatt, Geely
Day 2 of TaiyangNews Intersolar Review Conference will take place Wednesday, May 25 from 9.30-12.00 CEST; GCL-SI to buy PV glass for RMB 2 billion; Nenghui Technology to raise about RMB 348 million; Growatt launches new flagship inverter product; G.
Enphase Energy’s Q1/2022 Financial Results
Enphase Improves Q1/2022 Revenues Having Shipped 1,029 MW DC Microinverters
US headquartered solar PV microinverter supplier Enphase Energy’s Q1/2022 revenues improved by 7% QoQ and 46% YoY despite the global supply chain being ‘under stress’ as the management remains confident of its supplier management and ‘qualification of alternate suppliers’.
SMA Solar Declares 2021 Financial Results
Chip Shortage Pulls Down SMA Solar’s 2021 Business; Bullish For 2022 Prospects With Large Order Backlog
German solar PV inverter supplier SMA Solar Technology AG saw its annual sales for 2021 drop by 4% to €983.7 million, owing to the COVID-19 pandemic and shortage of electronics chips supply.
SMA Solar’s 2021 Preliminary Financial Results
German Inverter Maker Further Lowers 2021 EBITDA Guidance; Offers 2022 Annual Guidance
Solar inverter supplier from Germany, SMA Solar Technology AG has lowered its EBITDA guidance for 2021 the 3rd time since December 2021, down to about €9 million, from the previous guidance of €20 million to €30 million it offered in January 2022 (see SMA Solar Lowers 2021 Earnings Guidance).
China PV News Snippets
Sungrow Launches 1+X Modular Inverter… & More
Sungrow launches its 1+X Modular Inverter, while NEA pegs household PV capacity at 5.09 GW, Zhongli subsidiaries sign RMB 1123.70 million contracts, Canadian Solar & China Huaneng partner for PV projects, and Jinko’s Sai Charan to take part in TaiyangNews Webinar on January 25.
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.
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