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Global cumulative PV capacity will reach 200 GW by the end of 2014, according to the latest NPD Solarbuzz Quarterly report. In the fourth quarter of this year, new PV systems with a combined capacity of 19.5 GW will be added worldwide, thus exceeding all the PV capacity installed in 2010. This quarter’s growth will be mainly driven by the Chinese market, which will be able to install 7 GW of new PV capacity. This will be up 10% from the same quarter in 2013. Furthemore, Solarbuzz reports that China, Japan and the US will account for 70% of solar demand in the quarter. »Having been put on hold over the past six months, due mainly to trade-related uncertainties, record quarterly and annual shipment levels will prove crucial to investors that have been hesitant to commit to new capacity funds,« said Michael Barker, senior analyst at NPD Solarbuzz.

Global cumulative PV capacity to reach 200 GW | Global cumulative PV capacity will reach 200 GW by the end of 2014, according […]

The global installed PV capacity will reach 4,600 GW by 2050, thus being able to cover 16% of the world electricity demand, according to the report »Technology Roadmap: Solar Photovoltaic Energy 2014« published by the International Energy Agency (IEA). This huge growth will be mainly driven by the sharp decrease of the costs of electricity from PV source, which will decrease by around 65% by 2050. IEA, in fact, expects that solar electricity could cost $0,04 per kWh by 2050, assuming a cost of capital of 8%. China is expected to become the largest market, accounting for 37% of global PV capacity as of the end of the half of the 21st century. In order to reach these targets, the PV growth is expected to be of 124 GW per year on average, with a peak of 200 GW per year between 2025 and 2040.

Global PV capacity to reach 4,600 GW by 2050 | The global installed PV capacity will reach 4,600 GW by 2050, thus being able […]

Latin America and the Caribbean countries will install 9 GW of new PV systems over the next five years, according to the report Emerging PV Markets Report: Latin America & Caribbean published by the US market research company NPD Solarbuzz. Of these 9 GW, 1 GW is currently under construction, while 5 GW of projects have already been approved by local authorities. »The region has high electricity prices,« said Michael Barker, senior analyst at NPD Solarbuzz, »and it also benefits from strong solar irradiation, which makes it a good candidate for solar PV deployment. As a result, experienced global solar PV developers are seeing the strong solar PV growth potential in the region.

Latin America to install 9 GW of solar power over the next 5 years | Latin America and the Caribbean countries will install 9 GW of new PV systems […]

Collectively known as module-level power electronics (MLPE), this segment of the market is expected to see a compound annual growth rate of 27%, reaching revenue of US$1.1 billion in 2018 and equivalent to 6.6GW in 2018.

Module-level power electronics (MLPE) will reaching US$ 1.1 billion revenue in 2018 | Collectively known as module-level power electronics (MLPE), this segment of the market is expected […]

Global solar microinverter shipments will quadruple over the next 5 years, growing from about 500 MW in 2013 to 2.1 GW in 2017, according to the new IHS report.

Global microinverter shipments to reach 2.1 GW by 2017, IHS | Global solar microinverter shipments will quadruple over the next 5 years, growing from about […]

German energy agency Deutsche Energie-Agentur GmbH (Dena) will cooperate with the Chinese Renewable Energy Society (CRES) and China’s State Grid Energy Research Institute (SGERI) to improve how solar energy is integrated into China’s electric grid system. Representatives of the three entities signed a cooperation agreement on August 23 in Beijing. Experts from Dena will advise their Chinese counterparts on how to best integrate high levels of wind and solar power into the grid Based on Germany’s experience. Germany has successfully integrated high levels of renewable power into the German grid through legislation, guidelines and technical regulations. China, which currently has 10 GW of installed PV capacity, aims to reach 35 GW of solar power by 2015.

Germany helps China manage its solar growth | German energy agency Deutsche Energie-Agentur GmbH (Dena) will cooperate with the Chinese Renewable Energy Society (CRES) and China’s State Grid Energy Research Institute (SGERI) to improve how solar energy is integrated into China’s electric grid system. Representatives of the three entities signed a cooperation agreement on August 23 in Beijing. Experts from Dena will advise their Chinese counterparts on how to best integrate high levels of wind and solar power into the grid Based on Germany’s experience. Germany has successfully integrated high levels of renewable power into the German grid through legislation, guidelines and technical regulations. China, which currently has 10 GW of installed PV capacity, aims to reach 35 GW of solar power by 2015.

A new report from the US Department of Energy’s National Renewable Energy Laboratory (NREL) estimates that by 2025, wind and solar power electricity generation could become cost-competitive in the US without federal subsidies as long as wind and solar development occurs in the most productive locations. The report, Beyond Renewable Portfolio Standards: An Assessment of Regional Supply and Demand Conditions Affecting the Future of Renewable Energy in the West, compares the cost of renewable electricity generation (without federal subsidy) from the West’s most productive renewable energy resource areas – including any needed transmission and integration costs – with the cost of energy from a new natural gas-fired generator built near the customers it serves. »Renewable energy development, to date, has mostly been in response to state mandates,« said NREL Senior Analyst David Hurlbut. »What this study does is look at where the most cost-effective yet untapped resources are likely to be when the last of these mandates culminates in 2025, and what it might cost to connect them to the best-matched population centers.« The study finds at after 2025, California, Arizona and Nevada will be the best states for solar development and that these states will generally produce power for their own consumption. Wyoming, New Mexico and Montana will be the best areas for wind energy development but will often export their power to California, the Southwest and the Pacific Northwest.

NREL study suggests wind and solar will be cost-competitive by 2025 | A new report from the US Department of Energy’s National Renewable Energy Laboratory (NREL) estimates that by 2025, wind and solar power electricity generation could become cost-competitive in the US without federal subsidies as long as wind and solar development occurs in the most productive locations. The report, Beyond Renewable Portfolio Standards: An Assessment of Regional Supply and Demand Conditions Affecting the Future of Renewable Energy in the West, compares the cost of renewable electricity generation (without federal subsidy) from the West’s most productive renewable energy resource areas – including any needed transmission and integration costs – with the cost of energy from a new natural gas-fired generator built near the customers it serves. »Renewable energy development, to date, has mostly been in response to state mandates,« said NREL Senior Analyst David Hurlbut. »What this study does is look at where the most cost-effective yet untapped resources are likely to be when the last of these mandates culminates in 2025, and what it might cost to connect them to the best-matched population centers.« The study finds at after 2025, California, Arizona and Nevada will be the best states for solar development and that these states will generally produce power for their own consumption. Wyoming, New Mexico and Montana will be the best areas for wind energy development but will often export their power to California, the Southwest and the Pacific Northwest.

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