SolarEdge now have the new 25kw and 27.5kw commercial inverters available and HD-Wave inverter technology.
SC Solar Solutions is your local Sunshine Coast Solar centre providing you with not only the best solution but guaranteed service and quality products.
SolarEdge just announced record revenues, strong gross margins and continued growth ahead in its earnings call this afternoon. The company designs and builds module-level power electronics (MLPE), a fast-growing segment of the PV inverter market that now has microinverter/optimisers leader Enphase and SolarEdge running neck and neck for market lead.
Quarter and fiscal year summary
- Record revenue at SolarEdge was $98.4 million for the quarter, beating guidance and analyst estimates. (Enphase’s revenue for the second quarter of 2015 was $102.1 million.) SolarEdge revenue was $325.1 million for the fiscal year, up 144 percent year-over-year.
- GAAP record gross margin of 28.7 percent for the quarter and 25.2 percent for fiscal year 2015
- GAAP net income for fiscal Q4 2015 was $9.3 million, and net income for fiscal year 2015 was $21.1 million compared to a net loss of $21.4 million in fiscal year 2014.
- SolarEdge shipped 284 megawatts (AC) of inverters in the quarter, with 920 megawatts shipped in fiscal year 2015.
CEO Guy Sella said that the company is seeing “healthy demand” while “maintaining stable ASP.” The CEO noted that revenue growth in Germany and the Netherlands was very strong despite a soft EU PV market.
SolarEdge is counting on growth in the U.S. and global commercial market with a new line of 33-kilowatt inverters for larger commercial applications. The company continues to work on new monitoring functions and cost reduction. New automated lines in Mexico and Hungary will drive costs down and provide for a capacity of 5,000 optimizers per day, according to the CEO.
Sella noted that the firm had recorded two consecutive profitable quarters as a public company. He added that he is looking forward to a supplier relationship with SunEdison, the new owner of residential solar installer Vivint Solar.
MJ Shiao, GTM’s director of solar research, has noted, “Globally, we see a huge opportunity for module-level power electronics, growing from less than 4 percent of global annual inverter shipments in 2014 to more than 11 percent by 2018. In 2015, we expect total combined MLPE shipments to well exceed 2 gigawatts. Furthermore, we expect the U.S. residential market to continue growing at 50 percent to 55 percent year-over-year ahead of the federal Investment Tax Credit cliff in 2017 — a strong foundation and growth opportunity for MLPE vendors.”
SolarEdge provides an intelligent inverter solution that has changed the way power is harvested and managed in solar photovoltaic systems. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module-level while lowering the cost of energy produced by the solar PV system. The SolarEdge system consists of power optimizers, inverters and a cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations
This statement can be attributed to Daman Cole, Managing Director of Yingli Green Energy in Australia.
Statement by Yingli Green Energy on the Review of the
Renewable Energy Target
Yingli Green Energy Australia Pty Ltd* is fervently opposed to the abolition or weakening of Australia’s Renewable Energy Target (RET). As a subsidiary of the world’s leading manufacturer of solar panels, we believe a decision to abolish or dilute the RET is irresponsible. The recommendations of the RET review will increase electricity prices for homes and businesses in the long-term, leave a locally established renewables industry in turmoil, create impacts which are likely to see increases in severe environmental events, and leave negative consequences for future generations whilst impacting negatively on Australia’s international reputation.
Australia has been declared “open for business” yet this policy uncertainty is sending a negative message to investors and threatening investments in the development of the renewable sector.
Since the establishment of a direct presence in Australia in 2012, Yingli Australia has witnessed strong demand from businesses and consumers as they embrace the benefits of solar power. If the Federal Government changes its position on the current 2020 target of 41,000GW hours, Australia will be left behind in a world that is embracing renewable energy as a tangible player in the global energy mix. Australia’s extremely high levels of solar radiation mean that solar PV technology is particularly efficient in producing energy outputs. This country can lead in the adoption, investment and innovation in solar energy. Academically, our universities lead the world in solar photovoltaic innovation, but regretfully the political uncertainty is hurting Australia’s solar industry. While we remain stranded in uncertainty around Australia’s clean energy future, the solar industry is experiencing strong growth in many other markets such as China, Japan, South East Asia and the Americas.
We remain committed to maintaining a presence in Australia for our customers and partners. Yingli Solar and its Australia subsidiary will continue to stand together with the solar industry and Australians who believe in the future of clean energy in opposing the reduction or elimination of the RET.