Acquisition of a listed photovoltaic inverter company

How will photovoltaic inverter shipments change in 2021/2022?

It is expected that the company’s photovoltaic inverter shipments will reach 47GW/66-70GW in 2021/2022, of which the distributed installed capacity will increase significantly. At the same time, quickly seize the newly added distributed installed capacity market. “Cellless” energy storage system strategy, the energy storage business doubled.

Who owns EPC power?

Image: EPC Power From pv magazine USA EPC Power Corp., a US-based supplier of smart inverters for utility-scale solar installations, today announced the Sustainable Investing business within Goldman Sachs Asset Management and Cleanhill Partners acquired a majority stake in its company.

How many smart inverters does EPC power sell?

To date, EPC Power has sold more than 2 GW of smart inverters globally. Its first manufacturing facilities are in Poway in San Diego County, Calif., with a second U.S. manufacturing location on the East Coast scheduled to open in late 2022 to significantly expand production capacity.

Will amberside develop solar projects with financial backing?

Amberside will look to develop the projects with financial backing. Amberside originates, develops and manages utility-scale solar and energy storage projects. According to the company, it has over 1GW of projects originating with over 2,000 systems managed.

Who owns Elgin solar?

For example, in July 2023, Elgin sold 100MW of solar PV projects to Pennon Power, a wholly-owned subsidiary of the British water utility Pennon Group. Pennon Power acquired the solar portfolio consisting of three projects ranging from 15MW to 50MW.

Is EPC power a good investment?

“EPC Power is uniquely positioned to play a critical role in the evolution of the U.S. solar and energy storage value chains and is now well capitalized to continue its trajectory of rapid growth,” said Alexander Mass, managing director of Goldman Sachs Asset Management.