The recent decision by the California Energy Commission to mandate solar on all new residential buildings starting from 2020 has had a noticeable impact on GTM Research’s solar forecast for the Golden State, bumping it up by 14% over 4 years, or around 650 megawatts (MW).
All posts from Joshua S Hill
Despite its recent acquisition of embattled solar manufacturer SolarWorld Americas, SunPower this week reported mixed results in its first quarter financial results, succeeding in narrowing its net loss and beating earnings expectations, but could not promise much in the way of strong guidance.
Shanghai-based solar manufacturer JA Solar reported long-delayed Fourth Quarter and Fiscal Year 2017 Results late last month, reporting record shipments of 7,143.1 megawatts (MW) for the full year, an increase of over 55% while revenue increased by over 25%.
Leading US solar manufacturer First Solar published its first-quarter earnings report late last month, depicting a strong start to the year with increased sales of $567 million and the commencement of Series 6 module production in April which, in turn, led to the company’s announcement of a new solar manufacturing plant in Perrysburg, Ohio.
Leading data and analytics company GlobalData has published new analysis this week which predicts that the global solar PV inverters market will decline from $6.3 billion in 2017 to $3.7 billion in 2022, attributed primarily to the fall in inverter prices rather than a drop in installation figures.
GTM Research has this morning published a new analysis which predicts global solar PV installations will exceed 104 gigawatts (GW) in 2018, and will continue to exceed 100 GW per year through to at least 2022.
Canadian Solar, one of the world’s leading solar power companies, announced on Tuesday that it had successfully been awarded 364 megawatts (MW) worth of solar projects in Brazil’s most recent renewable energy auction which was held earlier this month and which awarded around 1 gigawatt (GW) of renewable energy capacity.
SunPower, one of the world’s leading solar companies, has announced this week it has sold off the 110 megawatt Pelicano Solar Plant in Chile to leading investor Actis.
Oil giant Shell has stepped up its investment in renewable energy, announcing this week that it has entered into an agreement to acquire a 43.83% stake in leading US solar developer, owner, and operator Silicon Ranch Corporation, a deal set to be worth up to $217 million.
Canadian Solar, one of the world’s largest solar power companies, has modified its financial guidance for the fourth quarter and full year 2017, resulting in increased total solar module shipments for 2017 of nearly 7 gigawatts.