Kaco raises 2016 guidance on strong order increase

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German inverter manufacturer Kaco New Energy reports that it has received new orders with a combined capacity of 600 MW in the first quarter of this year. The company said that this increase in new orders was mainly due to the launch of its new blueplanet 50.0 TL3 INT inverter. Kaco specified that the new orders came from the Middle East, Turkey and India.

Order intake has more than doubled compared to the same period of 2016, the company said. As a consequence, it raised its shipment outlook for full fiscal year 2017 to 2.5 GW. Kaco launched its new inverter technology in mid-2016.

“Our equipment consistently meets the stringent requirements of European standards in respect of both electromagnetic interference and safety. This protects our customers from costly judicial and economic consequences that would otherwise occur when using considerably cheaper devices from other manufacturers,” said Kaco’s managing partner Ralf Hofmann.

Kaco added that it is profiting from the continuously increasing demand for string inverters “Made in Germany”. Nedret Ünlü, General Manager of KACO new energy Turkey, claims that Kaco was able to achieve a market share of 40% in Turkey.