SMA reports losses for first half of 2019
For the second half of the year, the German inverter producer expects a significant increase in revenues and earnings, mainly due to high order intake. It also confirmed its forecast for the full fiscal year, despite declining sales and sales in the first six months of 2019.
Risen Australia achieves 120 MW of rooftop panel sales in a year
Chinese PV module maker Risen Energy has announced it has achieved the highest jump in solar module sales in the Australian market in a one-year period.
Neoen gets green light for PV-wind-battery hub in South Australia
French renewables developer Neoen has won development approval from the South Australian government for a major renewable energy project, comprising 125 MW of wind generation, 150 MW of solar PV generation and 130MW/400MWh of lithium-ion battery storage. The project could also integrate up to 50 MW of on-site hydrogen production capability.
SolarEdge posts strong revenue increase, slight drop in net profit
The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.
Energy retailers protest wholesale demand response mechanism
Energy companies are pushing back against a proposal to allow large energy consumers to enter the wholesale electricity market, as industry bodies point to the many benefits of the wholesale demand response program.
WA coal generator undercut by rooftop solar boom
Western Australia’s government has announced two units at Synergy’s Muja Power Station will be retired from October 2022. The state government said the coal-fired units were only being used about 35% of the time thanks largely to rooftop solar reducing demand on the grid.
Kennedy solar-wind-battery park switched on following grid connection delay
Australian renewables developer Windlab has connected and energized its landmark energy park in north Queensland, comprising 43 MW of wind, 18 MW of solar and a 4 MWh battery.
Victorian protests over solar rebate woes to continue this week
The Smart Energy Council has announced plans for a second rally to warn against the current Solar Homes scheme’s damaging effect on Victoria’s solar industry. This time, the protest will target Premier Daniel Andrews’ office.
ESCO Pacific’s 70 MW NSW solar project gets connection go-ahead
The Australian utility-scale solar developer has reached the final development milestone on a solar and battery project near West Wyalong in the Riverina region.
Lightsource BP proposes 100 MW solar farm near Mannum
U.K. solar developer Lightsource BP will host a community information event in Mannum, to outline its proposal to fund, build and operate a 100 MW solar project.
