SolarEdge has shipped 24 GW of inverter systems to over 130 countries since 2010



in revenues, 2016 - 2020


Million Metric Tons

of greenhouse gas emissions have been avoided by SolarEdge' solar PV inverter systems as of 2019

View Our Analysis

The Path to Drawdown: PV Solar

To mitigate climate change and remain below 1.5ºC above pre-industrial global temperature, we need to transition away from burning fossil fuels to 100% emissions-free energy sources.

A powerful source of this clean energy is the sun (along with nuclear, wind, hydroelectric, and geothermal energy). Photovoltaic (PV) solar panels (the kind you see on rooftops) have emerged as the predominant way of capturing the sun's energy and converting it into electricity.

The industry has been growing fast. As of 2020, solar panels are now the cheapest source of electricity in most places on earth.

Solar produces  around 2% of global electricity today. According to Project Drawdown, to be on the path to remain under 1.5ºC of warming, rooftop and utility scale solar will need to be generating a combined ~40% of global electricity by 2050.

To get there, the PV solar industry will need to keep scaling massively over the few next decades:

  • <::marker> 457 TWh of solar electricity generated in 2018
  • <::marker> 28,200 TWh needed by 2050
  • <::marker> CAGR of 13.75% from 2018 - 2050

Analysis from the IEA also projects that, to reach a 100% clean electricity grid by 2050, annual addition to the solar panel manufacturing capacity will need to increase from 134 GWs in 2020 to 630 GWs in 2030 (p. 74).

What We Want to See Improve

Set Clear Timelines for Emissions Reduction Goals

We are excited that SolarEdge has set a quantitative target to reduce GHG emissions. But beyond declaring that this target is a long-term one (p. 28), they don’t specify a timeframe. A clear emissions goal needs to be accompanied by a precise timeline so that investors can hold the company accountable.

Track Scope 3 Emissions

In their 2019 Sustainability Report (p. 35), SolarEdge began reporting their scope 1 and 2 emissions. This is a welcome practice that sets them on the path toward becoming a zero emissions manufacturer. But as a company with a presence in 28 countries (p. 3) and with an extensive supply chain, we would like to see SolarEdge’s scope 3 emissions and to see them persuading their suppliers and customers to reduce their emissions as well.

Switch to Consuming Renewable Energy

We applaud SolarEdge’s move to incorporate solar PV generation (p. 28) to offset the carbon impact of their energy consumption. But the energy generated from solar panels still accounts for far less than 1% of their total energy consumption. This compares to fossil fuel sources accounting for almost 13% (the rest is electricity from the grid). SolarEdge should transform itself into a completely zero emissions company by switching over to renewable sources of energy in their operations, transportation, and distribution.

Related Solar Energy Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description


Enphase Energy (ENPH)

Enphase makes micro-inverters, which are critical components in making rooftop solar more efficient. It's a key solution to expanding rooftop solar


SolarEdge Technologies (SEDG)

SolarEdge makes power optimizer, solar inverter and monitoring systems for rooftop solar. These are key equipment in making solar power more efficient


First Solar (FSLR)

First Solar makes innovative solar panels from a single glass substrate, making it possible to make panels in one factory in 4.5 hours


Sunrun (RUN)

Sunrun makes and installs residential solar energy systems. Solar is a crucial centerpiece of electrifying everything


Daqo New Energy (DQ)

Daqo makes high-purity silicon that goes into solar panel. This is a critical ingredient in converting sunlight into electricity


Sunpower (SPWR)

Sunpower offers residential and commercial solar power systems and solar storage. Rooftop solar PV is one of the keys to an emissions-free energy system


Shoals Technologies Group, Inc. (SHLS)

Shoals makes all of the components necessary for solar PV systems to connect to the grid. They’re helping expand solar energy


Sunnova (NOVA)

Sunnova provides residential solar and energy storage systems in the United States. Both are critical for electrifying the energy system


Array Technologies, Inc. (ARRY)

Array Technologies offers machine learning-based solutions that track the sun so that solar PV systems can generate more electricity


Jinko Solar (JKS)

Jinko Solar is the largest solar panel maker in the world and heavy investor in solar R&D. They’re a key player in expanding solar energy


Canadian Solar (CSIQ)

Canadian Solar makes and ships solar panels all over the world. This is critical for electrifying everything


Gibraltar Industries, Inc. (ROCK)

Gibraltar Industries makes the mounting racks for solar panels that are tailor-made for the buildings and fields where solar systems will be placed


Azure Power (AZRE)

Azure Power develops solar power for central and state government utilities in India. Solar power is a key centerpiece of a zero-emissions energy system


Maxeon Solar Technologies, Ltd. (MAXN)

Maxeon Solar Technologies makes solar panels and related solar system components worldwide - a critical piece in a zero-emissions energy mix of the future


FTC Solar, Inc. (FTCI)

FTC Solar offers solar tracker systems so that solar PV systems can produce more electricity. Expanding solar energy is key to a decarbonized world


Renesola Power (SOL)

Renesola Power develops utility-scale solar projects in over 10 countries. This is the type of effort needed to scale solar power to electrify the grid


iSun, Inc. (ISUN)

iSun is one of the biggest commercial solar developers in the US. They’re a valuable contributor to expanding solar power


Orbital Energy Group, Inc. (OEG)

Orbital Energy offers engineering, construction, and maintenance for utility-scale solar systems. They help expand solar power


SPI Energy Co., Ltd. (SPI)

SPI Energy develops solar PV solutions for businesses, residential, government and utility customers. Expanding solar is key to a clean energy system


Sunworks (SUNW)

Sunworks makes solar power systems for a wide range of markets. Solar is a key zero-carbon energy source

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