Canadian Solar sees turnover and profits surge
The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.
SMA to supply Australia’s biggest solar farm
The Western Downs solar farm will deploy German power electronics fabricated locally in Australia, with SMA announcing it has picked up a contract to supply the 400MWac development.
FuturaSun enters Australian PV market
Italian-headquartered module manufacturer FuturaSun has completed accrediting its module range with the Clean Energy Council.
Jinko launches PV module with record output of 580 W
The panel is part of the company’s new Tiger Pro series, which includes two 530 W modules and a 430 W product for distributed-generation applications. It will begin production of the series in the fourth quarter, although it will start accepting first orders immediately.
SMA sold 4.4 GW of inverters in the first quarter
The German manufacturer secured around 60% of the turnover expected this year in the first three months alone but still posted a net loss. Much of the company’s demand in the period was related to pre-Covid-19 activity in the U.S. and European solar markets.
REC Group confirms patent action against Hanwha in China
The solar manufacturer with manufacturing in Singapore has filed a claim against its Korean competitor relating to REC’s split-cell and junction box technology.
500 W-plus panel race intensifies with JA Solar’s new module and Risen’s first shipment
Chinese manufacturer JA Solar has announced a new 525 W+ panel and said the product will be available from the second half. Domestic rival Risen has shipped the first batch of its high-powered modules and intends to stick to pre-Covid-19 plans to ramp up production.
AEMO: The grid can handle 75% renewables by 2025
The Australian Energy Market Operator (AEMO) has found that the country already has the technical capability to safely operate a system where three-quarters of electricity comes from wind and solar. However, to do so it needs to get regulations right.
Solar costs set to continue falling according to ITRPV roadmap
The 11th edition of the German document which tracks solar price falls and efficiency improvements has considered the role bigger wafers are playing in cost reduction.
Constraints lifted for five West Murray solar farms
In a major feat for the energy sector, the Australian Energy Market Operator (AEMO) has provisionally lifted generation constraints imposed on five solar farms in the West Murray Zone, following the successful testing of new tuned inverter settings this week.
