News - G3 Energy

SMA Solar remains cautious on business in 2018

Major PV inverter manufacturer SMA Solar Technology has reiterated sales and earnings guidance for 2018, despite a rebound in its utility-scale business unit and growing energy storage sales.
The company expects global solar installation growth of approximately 7% to 109GW in 2018, with leading market China installing around 50GW, compared to over 53GW in 2017, according to official figures. SMA_Inverters
Total inverter shipments in the quarter were 1,843MW, down from the historically highest fourth quarter, when shipments reached 2,606MW, but increased notably from 1,661MW in the first quarter of 2017.
However, sales in the residential business unit were around 10% lower than in the prior year period. Revenue reported was €38.9 million. SMA Solar noted that inventory overhang within the supply chain in both Germany and Australia were primarily behind the sales decline in the first quarter of 2018.
The storage business unit was also a bright spot. SMA Solar reported sales of €19.9 million in the quarter, compared to €15.4 million in the prior year period. The Americas region was said to be responsible for 51.5% of sales, up from 43.2% in the prior year period.

Reden Solar acquires 50MW of solar projects in Portugal

French IPP Reden Solar has acquired several existing PV power plants in Portugal, representing a total capacity of 50MW.The firm, which already has a strong presence in France and Latin America, also plans to develop new projects in Portugal in the coming Ukraine_20MW_solar_photovoltaic_park_Image_Activ_Solaryears.Thierry Carcel, president of Reden Solar, said: “This transaction marks a key milestone in the deployment of the new strategy launched by our Group a year ago with the arrival of two new key shareholders, INFRAVIA and EURAZEO Patrimoine.”

The choice of Portugal is also part of the ambitious approach taken by the State in the promotion and development of the renewable energy sector. Its commitments are now turned into action and their continued implementation plays a key role in investor confidence. Where, following the 2008 crisis, other countries have retroactively challenged their tariffs and caused the long-term departure of investors, the Portuguese government has managed to cope with the extremely difficult economic situation, hence his current credibility. To date Reden Solar has developed 330MW of project capacity, including 180 MW under its direct ownership. The company is involved in numerous projects at various stages of development or construction representing more than 350MW.

EVENT: WORKSHOP on ENERGY

LOCATION: ARENA TRAINING CENTER,    88 DEKELIAS Av. – NEA FILADELFEIA

DATE: Thursday, February 11, 2016 18:00 Hour
CO-ORGANIZED: 1) ARGUS FX
2) G3 ENERGY

SUBJECT: “Investments in renewable energy and energy saving projects in Greece: Current Situation and Future Trends”

The conference will participate investors and representatives of companies and research institutions dealing with Renewable Sources and Energy Saving. The aim of the conference is to attract investors in the Energy sector. The topics that will be presented, relating to current situation of the market in RES and ES, regulatory framework, partnerships framework between institutions and investors, financing prospects and investment opportunities.

>>> Read the program here (flyer_en) <<<