Array Technologies’ 2021 Annual Results
US Solar Tracker Maker Reports Net Loss In 2021, But Offers Strong Guidance For 2022
US solar tracker manufacturer Array Technologies blamed increased supplier and logistics lead times, and project delays for its 2021 annual revenues dropping 2% to $853.3 million and net loss of $66.1 million, yet offered a robust guidance of 2022 re.
Solar Demand Might Fuel Forced Labor?
Rights Lab Report Presses For Global Roadmap For Solar Industry To Address Modern Slavery Risks
A report by Rights Lab at the UK University of Nottingham believes growing demand for solar may parallelly fuel demand for products made with forced labor, including polysilicon for solar panels and cobalt for lithium-ion batteries, unless the solar .
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.
Kaneka Ups Its Solar Module Prices
Japan’s Kaneka To Increase Solar Module Prices By 20% From April 1, 2022
Japanese solar PV module producer Kaneka Corporation has announced come April 1, 2022 and it will increase the price of its solar products by 20% or more from the current price, citing tight supply of silicon raw materials and high logistics costs.
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.
SEIA Releases Tool For Supply Chain Transparency
SEIA Launches Solar Supply Chain Traceability Protocol To Help Ensure Ethical Sourcing Of Solar Products By Equipment Manufacturers & US Importers
Amid reports of forced labor in the world’s polysilicon center in China’s Xinjiang province, the Solar Energy Industries Association (SEIA) has come out with what it terms as a new tool to increase supply chain transparency.
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