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SolarEdge files an IPO in order to expand into new markets and bring new products to market fasterFebruary 20, 2015SolarEdge has traditionally had a major presence in the residential and small commercial segments in EMEA with a large market share in Germany, United Kingdom and the Middle East. However, in recent years as the market in Europe has declined, it has been one of the more proactive suppliers in entering into key growth markets such as the United States.
United States and Japan to account for almost half of global solar PV inverter revenue in 2015 and 2016February 16, 2015The United States and Japan will remain the only two PV inverter markets with annual revenues exceeding $1 billion in 2015 and 2016. IHS predicts that global PV inverter revenue for 2015 and 2016 combined will reach $13.2 billion, and that Japan and USA will account for 25 percent and 21 percent, respectively, of this.
IHS scales down Saudi Arabia Solar PV outlook on revised target milestoneJanuary 21, 2015Saudi Arabia has postponed the roll-out of its renewable power program by eight years, setting the milestone for its capacity targets to 2040, according to reports quoting Hashim Yamani, president of the King Abdullah City for Atomic and Renewable Energy (K.A.CARE).
Solar PV Module Suppliers in 2014 - IHS Predicts Reshuffling of Top 10December 03, 2014The 2014 top 10 PV module suppliers are almost the same group of companies as one year ago. SunPower entered the top 10 in 2014 and was ranked joint 10th largest suppliers alongside Kyocera according to IHS estimates.
Solarmax Is Latest Victim of Decline of European Solar Inverter MarketNovember 27, 2014Solarmax was the 5th largest photovoltaic (PV) inverter supplier in the world in 2008, with a market share of over 4 percent. Its market share has declined each year since, and it held a share of less than 1 percent in 2013. It was largely of a victim of a severe decline in the European PV inverter market, which has fallen from $5.5 billion in 2010 to $1.9 billion in 2013. It is forecast to decline by a further 25 percent in 2014. This collapse has been caused by a significant slowdown in core European markets, and intense price pressure driven by a highly competitive and overcrowded landscape for suppliers.
Taiwanese solar cell makers adjusting strategies as reactions to US antidumping investigationNovember 20, 2014Taiwanese solar cell makers struggled in July and August as Chinese module suppliers were unable to take advantage from using Taiwanese cells to circumvent the anti-dumping measures in the US market. As such, utilization of tier-1 Taiwanese cell makers was around 70% in Q3 2014. With strong demand for installations in China market and an end-of-year rush in a few other countries in Q4 2014, demand for cells is now rising and China’s imports from Taiwanese cells increased again in October and November.
SunPower Acquires Solarbridge Technologies: IHS Answers Key QuestionsNovember 10, 2014Why has SunPower acquired a microinverter supplier? Sunpower positions itself as a provider of premium PV modules to the residential market in the USA. Therefore an AC-PV module fits well into its product portfolio. An ‘AC-PV module’ is a module with a microinverter embedded into the module’s junction box before it is shipped, with no DC connections. Micronverters have rapidly emerged in the US residential PV market, and are predicted to account for over 40 percent of the inverter shipped to this segment in 2014. They are predicted to slowly continue gaining share, and the total....
IHS predicts UK utility-scale solar boom of 1.3 GW in first quarter of 2015November 06, 2014IHS forecasts 2014 solar PV installations to reach 2.8 GW (revised down from its earlier prediction of 3.2 GW), as projects are pushed to the end of 2014 and early 2015. IHS predicts that in Q4 2014 and Q1 2015 combined, before the ROC scheme ends, utility-scale installations will reach nearly 1.8 GW. For 2015, IHS has trimmed its forecast to 3.2 GW. The reason being that many ground-mount projects have failed to secure planning permissions.
SMA’s revenue growth lags solar inverter market in four out of last five quarters.November 06, 2014Data from the IHS ‘PV Inverter Market Index’ which relies on data collected from all leading PV inverter suppliers shows that global industry revenues reached $1.9 billion in Q3 2014, an increase of nearly 10 percent year-on-year. Major growth drivers for the quarter were UK, Americas, China and Japan, which combined recorded an increase of $270 million compared to one year previously. IHS also notes that the EMEA market continued to decline, with revenues decreasing 13 percent year-on-year due to the continued highly competitive environment for suppliers and significantly weakened demand in the key markets such as Germany and Italy.
NEA’s Lowered Target for Chinese Distributed Solar Helps Boost Market in H2’14August 19, 2014Whilst China’s National Energy Administration (NEA) lowered its 2014 installation target from 14 GW to 13 GW and matched IHS’ forecast from earlier in the year, it vowed to continue support for the PV industry and upcoming policy will help to remove barriers for distributed solar (DPV) and accelerate the build-out of new projects.
Wind developers to determine the fate of UK utility-scale solar under the CfD scheme.July 25, 2014“The announced preliminary Contracts for Difference (CfD) budget of £50 million would allow for at most 800 MW of utility-scale PV in the first allocation round, but the real opportunity for solar PV projects will fully depend on the participation rate of competing onshore wind projects
Yaskawa Electric Acquiring US Solar Inverter Manufacturer SolectriaJuly 18, 2014“By acquiring Solectria, Yaskawa will gain the unique position of being the only solar PV inverter supplier with a top-ten ranking in both the USA and Japan - the two largest markets” says Cormac Gilligan, Senior Analyst for solar at IHS.
Global PV Installations to Hit 15 GW in Q4 2014 - Record Quarter for Solar IndustryMay 29, 2014“Global photovoltaic (PV) installations will reach 15 GW in the final quarter of 2014, beating the previous record of 12.7 GW in Q4’13 according to latest analysis from IHS. The second half of 2014 will see a surge in global PV demand driven by incentive policy changes in several key markets as well as the ramping of installations triggered by record low system prices.
UK dominates Europe large scale PV activity in 2014 – Government review to spark 3 GW rushMay 28, 2014“After 7th July 2014, we will know the outcome of the consultation process to revise the support for large-scale PV plants in the UK that the Department of Energy & Climate Change (DECC) opened in May. If the result of the process is a sharp end to the ROC scheme for large-scale solar projects on 1 April 2015, we expect a huge rush to beat the deadline and a surge in ground-mount PV installations in the UK in the next nine months.
The UK solar strategy lays ground for a stable future - 13 GW of new PV capacity to be installed over next five yearsApril 22, 2014The recently published second part of the UK Solar Strategy breeds optimism among participants in the UK PV market. However, the document remains vague on exact support measures to spur the commercial rooftop segment. Some key barriers are inherent in the nature of the UK real estate sector, such as the relation between tenants and owners, as pointed out in the strategy document.
Anti-dumping investigation could lead to price increase in the U.S. photovoltaic marketApril 09, 2014Starting in December 2012 and effective as of March and May 2012, significant countervailing and anti-dumping duties were imposed on Chinese crystalline (c-Si) photovoltaic modules imported into the U.S. market.
Executing cost reductions and international expansion are critical to SMA Solar Technology’s future as global market share slumpsMarch 27, 2014SMA’s full year financial results today enforced IHS’ previous predictions of a major decline in the European PV inverter market. IHS estimates that PV installations in Europe declined by 37% in 2013. This slump in demand ignited a severely competitive price war which led to European PV inverter market revenues declining by a huge 46% to $2.1 billion. Europe accounted for 33% of the global inverter revenues in 2013, compared to nearly 60% in 2012.
Japan Energy Storage Subsidies To Spark Market GrowthMarch 19, 2014The introduction of subsidies for consumers and businesses installing energy storage in Japan and Germany is forecast to spark a drive to install the systems and help drive down costs just as they did for the solar PV industry over the past decade.
Danfoss / SMA Solar Technology Tie-Up Creates Solar Inverter Industry’s Strongest Player but Challenges RemainFebruary 26, 2014Today’s announcement that Danfoss would sell its entire solar inverter business line to SMA and in return acquire a 20% share of SMA for just over €300m highlights the on-going consolidation of the European solar manufacturing business in a declining domestic market.
CPV Prices retreating, technology advancements reduce costFebruary 25, 2014Whereas "conventional” photovoltaics (PV) uses cell technologies that have been developed for mass production with moderate conversion efficiencies, "Concentrated" PV (CPV) uses cells that have been designed to produce much higher convergence efficiencies.