The World's #1 Renewable Energy Network for News, Information, and Companies.

Big Q1 for Solar Inverter Makers

Global inverter shipments reached 3.1 gigawatts (GW) in Q1 2010 – the largest first quarter total for the industry, and the second highest quarterly result on record, according to latest confirmed results from IMS Research.

According to a recently released report from IMS Research, Q1 was a big for PV inverter suppliers for two very different reasons. All suppliers reported very strong performance making Q1 the largest first quarter on record in terms of inverter shipments.

Despite this strong result, demand for inverters still outstripped supply and the component shortage and inverter production problems that began in Q4 2009 in fact worsened in Q1 with quarter-to-quarter supply falling. Total global inverter shipments were 3.7 GW in Q4, some 16% higher than Q1.

“In a ‘normal’ year this kind of seasonality would be expected; however, as strong demand has continued into early 2010 with the impending cut to Germany’s feed-in tariff, this sequential decline of inverter shipments contrasts the increasing shipments of PV modules and highlights that the supply of inverters may still be restraining growth of the PV industry," said Ash Sharma PV group director at IMS.

Production constraints still blight the PV inverter industry, with even market leader SMA having to issue a formal apology to its customers; it recently indicated its production capacity would be limited to around 1.3 GW in the second quarter and supply constraints would not ease until July at the earliest.

Despite the supply of components strongly affecting SMA’s abilities to raise its production output, it did in fact gain market share in Q1, illustrating that this shortage is also impacting its competitors’ business and the issue is affecting the entire inverter industry.

Whether or not the shortage will impact developers project pipelines in the coming months remains to be seen, but the shortage will likely increase the amount of lead time needed for larger, commercial and utility scale projects.

RELATED ARTICLES

Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Microgrids

Coast to Coast and Across the Electric System, Microgrids Provide Benefits to All

Dick Munson, Environmental Defense Fund At the most obvious level, microgrids could disrupt today’s utilities and their regulated-monopoly business model, because they challenge the centralized paradigm. In a nutshell, microgrids are localized power grids that ha...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

CA Wine Industry's 2015 Solar Update- WEBINAR

Proceeds from event registration will go to the CA Sustainable Win...

Energy Security: Opportunity Power with the Sunny Boy Secure Power ...

Wouldn’t it be great to have a grid-tied inverter that could still...

COMPANY BLOGS

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

Solar Impulse Flying From China to Hawaii

The team behind Solar Impulse, the solar-powered airplane, is prepa...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS