Inverters

With clean energy being generated at lower and lower prices around the world, solar power is playing a leading role in bringing the curtain down on coal, and will help the decarbonization of transport and space heating too.

Sales revenue declined at the start of the year despite steady inverter shipments. The reverse was mainly due to sluggish project business and SMA is predicting significant increases in sales and earnings in the second half.

The Israeli power electronics maker’s revenues and shipments keep rising as it absorbs more companies, but the pending increase in Section 301 tariffs in the United States leaves some clouds in the future.

California utility PG&E has tested levels of residential solar power up to 100% penetration, and how to mitigate the effects of voltage and thermal overload via smart inverters and traditional transformer and circuit upgrades — with smart inverters shown to allow for up to 100% penetration at cost-effective pricing.

Following the decision to require retailers taking part in the Solar Homes program to be signatories to the Clean Energy Council’s Solar Retailer Code of Conduct, the Victorian government has set specific requirements for inverters that will be installed under the program.

The German inverter producer’s sales also fell significantly in the past financial year. With its cost reduction program, SMA is now eager to orchestrate a turnaround, but its first-quarter guidance still shows a sustained downward trend.

After announcing its entry into residential storage a week ago, the Munich-based multinational has now unveiled a plan to acquire inverter manufacturer Kaco. Siemens has not provided details about the value of the transaction.

The California-based microinverter maker posted $92 million in revenue in the final quarter of last year, and more than $106 million in cash as the company reported its first positive quarterly and annual operating income figures in years. Enphase is booked out for all of this quarter and seemingly into the late spring months too.

The French power electronics specialist is pulling out of the utility-scale segment to strengthen its profile in the residential and C&I space.

Enphase says its inverter lead times are ~13-15 weeks, even with dedicated manufacturing lines for components. Two new long term contracts expect to turn on in Q3 and Q4 ’19, lowering lead times to ~6-8 weeks.