SMA reaches 1 GW inverter sales in India

Share

Just two weeks after reporting that it had surpassed the 1 GW inverter sale milestone in Japan, SMA says it has repeated the feat in the Indian solar market. It opened a sales and subsidiary service in the country in 2010. Including Australia, this is now the third APEC market where SMA has reached 1 GW in inverter sales.

"The strong growth of the Indian photovoltaic market for SMA is mainly driven by the utility segment," stated John Susa, SMA executive VP sales Asia Pacific, adding, "This is a growing but extremely competitive market with cut-throat pricing, and SMA has been able to differentiate by proving to our long-term Indian partners, leading developers and EPCs, that there are significant performance and financial benefits for adopting SMA inverters in their large-scale PV power plants."

While grid-tied solar PV plants are driving sales, SMA said there is also demand for its stand-alone and PV-diesel-hybrid solutions. pv magazine has contacted the company for more details.

Currently, SMA is the global leader in solar PV inverter sales (and has increased its revenues share this year for the first time since 2010), followed by Switzerland’s ABB. Despite this, ABB has already surpassed 2 GW of inverter sales in India, having doubled its installed base in the country in just five months. Overall, it supports half of the country’s total installed solar PV capacity, which is said to be more than 4 GW as of this July.

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: editors@pv-magazine.com.

Popular content

Panasonic, Innova developing PV-compatible multi-source heat pump combined with PCM

03 October 2024 The novel heat pump concept should enable ready-to-use energy storage even in already existing installations. It features capabilities that easily det...

Share

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Your email address will not be published.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.