SMA Solar’s H1/2022 Financials Take A Beat
Supply Chain Challenges Pull Down SMA Solar’s H1/2022 Sales, But Management Reiterates Annual Guidance
German solar inverter maker SMA Solar Technology AG blamed ‘persistent supply difficulties’ for electronic components’ impacting its financials in H1/2022 as net income declined to -€10.6 million compared to €13.3 million earned a year back, however its order intake continued to be high.
SMA Solar To Expand Capacity To 40 GW By 2024
Europe’s Leading Solar Inverter Maker Announces New GW Factory In Home Country Germany For Large Scale PV
Germany headquartered solar PV inverter supplier SMA Solar Technology has announced it will construct a new GW factory in Germany to expand its production capacity from 21 GW now to almost 40 GW by 2024, to primarily cater to large scale solar PV power plants.
SMA Solar Sold 14.4 GW Solar Inverters In 2020
German Solar Inverter Maker SMA Solar Bullish On Future Prospects After Selling 14.4 GW Capacity In 2020; Preliminary Assessment Offered Shows Group Turned Profitable With €28 Million Net Income
With 14.4 GW solar PV inverters sold in 2020 reflecting 26% annual growth over 11.4 GW sold in 2019 Germany’s SMA Solar Technology AG exceeded 100 GW of installed inverter capacity globally.
Joint Push For 20 GW European Solar Manufacturing
Meyer Burger & SMA Solar Release Whitepaper To Pitch For 20 GW Made In Europe Industrial Strategy For Integrated Solar PV Manufacturing
Both Meyer Burger and SMA Solar stress on HJT based solar PV production as equivalent to a 5G standard in photovoltaics through which Europe can assert itself in the long term, also offering competition to Asia’s dominance in the PV manufacturing space.
