PV Tech ROUNDUP: 8minute’s 3GW pipeline add, Sungrow’s ESS revenues up, First Solar PPA

By Solar Media Staff
LinkedIn
Twitter
Reddit
Facebook
Email
Sungrow’s Energy Storage segment revenues over the past four years. Image: Mark Osborne / Solar Media.

27 April 2020: Sungrow reports 41% revenues increase in energy storage segment

Major PV inverter manufacturer Sungrow Power Supply Co (Sungrow) saw sales in its Energy Storage segment climb by 41.7% in 2019 compared to the previous year in reporting its latest financial results.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Sungrow said that its cumulative installed global PV inverter capacity exceeded the 100GW milestone in 2019, claiming to be the first supplier to do so. A key export market was shipments to the Americas, which exceeded 3GW.

The company exported a total of 9GW of PV inverters to overseas markets in 2019, an 87.5% increase year-on-year, due to the significant decline in solar installations caused by policy changes in the Chinese domestic market stretching back to May 2018.

In addition to Inverters and Power Conversion Systems, Sungrow also has business units for System Integration and Energy Storage, both of which grew last year over 2018 – system integration revenues accounted for around 61% of total group revenue in 2019.

Coming from a smaller revenue base, Energy Storage reported sales of around RMB 534 million (US$76.6 million) in 2019 compared to US$54 million in 2018, an increase of 41.7%. Its share of total group sales also rose, climbing to 4.18% from the 3.69% share recorded in 2018.

By Mark Osborne, Senior News Editor, PV Tech. 

This story has been adapted from its original form for Energy-Storage.news. Read the original, full version on PV Tech here.

24 April 2020: First Solar signs 15-year PPA for 100MW / 50MWh California solar-plus-storage plant

Power purchase agreements (PPAs) have been signed between First Solar and two community energy utility groups for energy from a 100MW solar power plant with 50MWh of energy storage in California’s Kern County.

Kern County is already home to some of the state’s biggest renewable energy projects including several solar PV plants developed by Perrysburg, Ohio-headquartered First Solar, which manufactures thin-film solar modules as well as executing its own projects in a vertically-integrated business model. The company claims an annual manufacturing capacity of 1.9GW DC, all located within the US.

The company has signed two separate 15-year PPAs with Community Choice Aggregators (CCAs), Monterey Bay Community Power (MBCP) and Silicon Valley Clean Energy for electricity generated by Rabbitrush Solar, a 100MW solar PV plant combined with 20MW / 50MWh of battery energy storage. Rabbitrush Solar is scheduled for completion in the second quarter of 2022.

By Andy Colthorpe, Editor, Energy-Storage.news

This story first appeared on PV Tech. Read the full version here

How Eland Solar & Storage is expected to look when completed. Image: 8minute Solar Energy.

23 April 2020: 8minute Solar Energy hints at batteries for 3GW of new large-scale solar

Prolific developer 8minute Solar Energy has bolted a further 3GW of large-scale solar projects onto its pipeline, taking the developer’s tally to more than 18GW.

8minute also confirmed that it had sourced additional corporate-level funding to develop that pipeline further, noting that it would also help advanced the firm’s so-called “new generation” project design that incorporates battery storage.

This has resulted in growth of its project pipeline through its key markets of California, Texas and the US Southwest.

While no specific details of projects were forthcoming, 8minute did stress that it was keen to replicate the model spearheaded by its Eland Solar & Storage Center in Kern County, California. Having received approval for the project last year, 8minute will combine 400MWac of solar with 300MW/1,200MWh of energy storage, providing dispatchable power at a price of under US$0.04c/kWh, the company claimed.

By Liam Stoker, Editor-in-chief, Solar Media

This piece first appeared on our sister site PV Tech. Read the full version of the story here.

Read #SmartSolarStorage2020: A developers’ eye view of North America, including an interview with 8minutenergy CEO Tom Buttgenbach

17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
1 July 2025
London, UK
UK Solar Summit 2025 will look at the role solar currently plays in the energy mix, how this will change over the coming years and how this aligns with net-zero and other government targets. We will break down all these challenges and help build up solutions through discursive panels, motivational keynotes and case studies, with newly added interactive sessions to get you moving and meeting your peers, making the connections you need to boost your business.

Read Next

May 1, 2025
Yarra Energy Foundation has secured funding to install three new community batteries in and around Melbourne, Victoria, Australia.
May 1, 2025
AEMO has revealed that, as of March 2025, the pipeline of new standalone BESS in the NEM has increased by 86% year-on-year (YoY).
Premium
April 30, 2025
Leading BESS owner-operators in the UK have signalled their opposition to the government’s cap and floor support scheme for long-duration energy storage (LDES) in an open letter. We spoke to one its signatories James Basden, founder of Zenobē, about why.
April 25, 2025
Adani Green Energy subsidiary has signed a power purchase agreement with Uttar Pradesh Power Corporation Limited for a pumped hydro facility.
April 24, 2025
A trio of major announcements in the grid-scale BESS market in Chile, with Canadian Solar winning a delivery contract from Colbun, Metlen Energy & Metals selling a solar-plus-storage portfolio to Glenfarne, and Atlas Renewable Energy securing financing for a project.

Most Popular

Email Newsletter