Featured in Rejuvenation – 06-2013

Overnight inverter giant

Industry consolidation: The inverter space has seen some consolidation, but not at this scale. In late April it was announced that Swiss-based power and automation conglomerate ABB was going to acquire number two ranked inverter manufacturer Power-One. While the move has yet to pass regulatory and shareholder hurdles, it looks set to shake up PV.

By

Jonathan Gifford

11 Jun 2013

“It’s been a busy week, but a good one!” Maxine Ghavi, the head of ABB’s Solar Segment Initiative, was upbeat a few days after news of ABB’s US$1 billion acquisition of Power-One captured PV industry headlines. ABB had overnight become the world’s second biggest manufacturer of PV inverters – behind Germany’s SMA. ABB has offered …

This article is part of pv+

Subscribe digitally to unlock exclusive investigative reporting, expert insights, in-depth analysis, and premium background coverage. Your subscription also includes full access to the digital edition of our magazine.