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

Solar Inverter Shipments Hit Record 7 GW in Q3

Shipments, which rose from 5 GW in the second quarter, were mainly to Germany, said the UK-based PV market intelligence firm.

But the 50% surge in shipments largely reflected growing demand in Italy and Asia, while the rise in German demand has slowed. Other European markets also fared well, expanding by more than 300% year-on-year.

Europe, the Middle East and Africa (EMEA) accounted for around 80% of inverter shipments in the third quarter of 2010, down from 90% the previous quarter, partly due to the high growth of the Americas market, estimated to have doubled from the same period last year.

Substantial growth across all regions led to revenues for suppliers passing $2 billion during the quarter.

“Again we are referring to a record quarter for inverter suppliers with the previous record of 5 GW of shipments in Q2’10 being beaten by almost 50% in Q3’10,” said Tom Haddon, a PV analyst at IMS Research.

But he warned that that the final quarter would see shipments soften.

“Q4 however is likely to be a much weaker quarter, as Germany, the largest market, continues to slow. Additionally, significant inventory now exists in the supply chain and a sharp correction seems inevitable”. 

For the second consecutive quarter, IMS Research’s analysis found factory-gate inverter prices fell due to the continuing shift towards larger inverters, which have an inherently lower price per watt.

Satcon was one of the standout performers of the quarter, increasing its share in both the Americas and the global market. SMA, which dominates the market, continued to lose share in the third quarter, despite a record quarter and a big improvement in its supply problems. 

Untitled Document

RELATED ARTICLES

Hybrid solar minigrid to power Tanzanian island village

Tildy Bayar

A hybrid solar photovoltaic-battery energy storage-diesel minigrid project aims to provide power for around 400 households in the remote island village of Lake Victoria (pictured) in Tanzania. 

World Moves Toward 100 Percent Renewable Energy – First Electricity, Then Heating/Cooling, and Finally Transportation

Junko Movellan, Correspondent The exclusive use of energy from renewable resources in at least one sector has now become a feasible goal for 8 countries. Diane Moss, Founding Director of Renewables 100 Policy Institute, discussed this remarkable develop...

Solar power growth impacting UK electricity sector

Diarmaid Williams

Q2 of 2015 saw a large increase in the generation of electricity from solar PV in the UK, with the growth having a significant impact on electricity market prices and other supply factors.

PACE Finance Opening Doors for C&I Solar In California

Susan Kraemer, Correspondent With its excellent renewable policy, California leads the nation in solar. Over the years both the Renewable Portfolio Standard and the California Solar Initiative drove utility scale and residential solar deployment. But w...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

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

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Grid-connected and Off-grid Photovoltaics

This training covers all aspects of planning, installation, maintenance,...

5th Annual Hydro Plant Maintenance

Join maintenance professionals to discuss the challenges in maintenance ...

2015 Green Energy Expo

Stop by and visit Canadian Solar at the Green Energy Expo in Mexico City!

COMPANY BLOGS

Prevailing At A Premium

As efficiency sales professionals, we’re often faced with situatio...

Do Your Goals Match Your Values?

Before you set goals for your company or your personal work performance ...

LSX rises with sustainable wine making in Mexico

his custom LSX solar canopy shades the upper deck organic gard...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS