PV inverter market becoming more diversified as price pressure intensifies – IHS Markit
PV inverter shipment volumes have gone up recently, but an increasingly competitive market has seen declining prices, forcing manufacturers to think out of the box to find new business applications for their products.
Etrion completes 13.2 MW solar project in Japan ahead of schedule
The Swiss IPP finished its fourth Japanese PV plant located in Japan. Overall, the Swiss company is working on a 190 MW backlog of projects in Japan.
Crowd investment kicking off PV, storage system market in developing countries
Autarsys reports the roll-out of two off-grid battery systems in Madagascar. Thanks to crowd investment, its order books are full. Streamlining the process of investment, the Germany-based start-up will cooperate with crowd investment platforms, Greenvesting and Ecoligo.
Canadian Solar commissions 35 MW PV farm in India
The Chinese-Canadian solar company reached commercial operation for the plant just in time to still benefit from the state of Karnatake’s lucrative incentives programme. Open access rules allow businesses to broker PPA’s directly with the PV operator.
Neo Solar Power increases turnover, reduces losses
On the last stretch to the merger between NSP, Gintech and Solartech, the company still posted losses due to “operational challenges” and solar trade disputes.
Wales to introduce energy efficiency loan benefit, applicable to residential PV installations
Welsh home buyers intending to install a roof-top PV array are set to benefit from a rejigging of loan conditions for energy efficiency dwellings.
Ingeteam secures 555 MW Mexican order
Spanish inverter maker Ingeteam has reported a massive order to supply Mexican projects, which it claims will increase its O&M services to cover 55% of the countries solar PV installations. Supply contracts are mostly related to central inverters, although string devices, as well as LV/MV transformers, MV cells, and LV switchgear are also included in the deals.
Northern Ireland: 5 MW PV plant to power water treatment facility completed
The Northern Irish water provider NI Water is on track to reach 40% renewable energy production by 2021. A significant achievement, as the provider is among the largest energy consumers in the region.
Silver prices to fall by $4/toz by 2030, World Bank says
A recently published report on commodity markets published by the World Bank indicates that the recent decline in commodity prices for silver is likely to continue over the next 10-20 years. The looming trade dispute between the U.S. and China is impeding investor trust, as future outlook remains murky.
SolarEdge posts 82% revenue growth, announces acquisition of Gamatronic
GAAP gross margin improved 4% year-on-year, while shipments grew by 345 MW in the most recent quarter. Through the acquisition of the U.S.-based UPS provider, the Israeli inverter supplier makes its first move outside of the pure-play solar sector.
