The inverter industry is entering a tumultuous phase where fierce competition is imminent. Recently, various segments of the photovoltaic (PV) industry have witnessed price increases, sparking discussions about when this surge, driven by temporary supply-demand imbalances, will stabilize. Perhaps insights from Chairman Zhu Gongshan will provide some answers. However, while prices continue to rise chaotically, inverter companies seem to be merely watching as their competitors reap the benefits, all while bracing themselves for inevitable clashes ahead.
In related news, JinkoSolar reported a staggering 859.78% year-on-year increase in net profit for the first quarter of 2025, with revenues reaching 1,517,642,436 yuan, marking an 8.65% rise compared to the previous year.
Read more about JinkoSolar’s quarterly report.
Meanwhile, Sungrow announced its annual report for 2024 and the first quarter of 2025, reflecting significant advances in its operations.
Find out more about Sungrow’s financial results.
At the 2025 Korea International Green Energy Expo, held from April 23 to 25, leading industry players showcased innovative products and technologies, reinforcing the ongoing global transition towards green energy.
On April 25, candidates for the 2025-2026 PV module and inverter procurement projects by China National Nuclear Corporation were announced, revealing a massive procurement scale of 29GW for PV modules.
Learn more about the procurement announcement.
In other developments, a 10 MW PV project has successfully connected to the grid along the Jinggang’ao Expressway in Hebei, exemplifying the province’s commitment to integrating renewable energy into its infrastructure.
Explore more about this initiative.
The China Datang Corporation has also initiated a tender for 16GW of PV inverters, indicating a robust demand in the market.
Discover details about the tender.
As the industry evolves, various companies are launching new products and solutions aimed at enhancing efficiency and meeting the demands of the changing market landscape.
In summary, the inverter sector is at a pivotal moment, with rising prices and intense competition shaping the future of the industry. Companies must adapt swiftly to maintain their competitive edge.
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