Record quarter for SolarEdge: 22% growth in Q3
Revenue for the power electronics company rises 22% sequentially in third quarter to reach $167 million, with more than 676 MW of inverters shipped
SMA warns of lower annual sales in light of component shortage
Third quarter financial update sees strong growth in Asia but weak U.S. large-scale project demand drags on overall sales. Order backlog increases 25% to $407 million.
Enphase narrows Q3 loss, records revenue increase
The microinverter specialist posted losses of $7 million in the third quarter but did manage to increase its revenue sequentially by 3% to $77 million.
Global solar market to reach nearly 100 GW this year
Bernreuter Research forecasts that newly installed solar PV capacity will climb to 95 GW in 2017 and could hit 100 GW. Polysilicon spot prices set to fall by end of year.
Solar costs to fall 60% over the next decade
The International Renewable Energy Agency (IRENA) forecasts as much as 90 GW of new solar additions annually across the globe over the next few years, driving a 60% reduction in costs.
DuPont and Dow finalize merger in $130bn deal
The two firms, which specialize in the production of backsheets and other materials for the solar industry, have completed a merger of equals that has been on the cards for almost two years.
Profit and revenue swell for Canadian Solar during Q2
The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $168 million for the quarter.
Falling lithium-ion battery prices to drive rapid storage uptake
IHS Markit expects li-ion battery prices to fall below $200/kWh by 2019, and for the cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today.
SMA raises 2017 guidance
The leading inverter maker has increased its earnings forecast for the year to $1.06 – $1.12 billion as orders swell.
EDF acquires 179 MW-AC of Nevada solar from First Solar
The renewables arm of the French energy giant has bought the Switch Station 1 and Switch Station 2 projects for an undisclosed sum.
