SMA pays €40 million for Chinese inverter company stake


SMA, the world’s leading photovoltaic inverter manufacturer announced the news today. It added that around €40 million had been paid in cash for the Zeversolar share, and that the transaction has been backdated to January 1, 2013.

Zeversolar is said to be a leading Chinese inverter manufacturer, and capacity at its production site in Yangzhong is reportedly ready to be scaled-up, if necessary.

The transaction has secured SMA access to China, a market it says is the "most important photovoltaic market of the future."

CEO Pierre-Pascal Urbon explains, "Just recently, the Chinese government has significantly raised its photovoltaic expansion targets again. The new target is to install a further 10 gigawatts each year over the next three years making China the largest photovoltaic market worldwide.

"Therefore, the majority stake in Zeversolar, which makes it possible for SMA to gain access to this growth market, is of great strategical importance."

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.