SMA rounds out 2017 with 1.2 GW of Australian power plant contracts
SMA is set to supply its central inverters and power plant controllers to more than 20 PV power plant projects in Australia. Today the inverter giant revealed that it has signed contracts to supply its Medium Voltage Power Station (MVPS) and the SMA Power Plant Controller to around 1.2 GW in projects.
SMA warns of lower annual sales in light of component shortage
Third quarter financial update sees strong growth in Asia but weak U.S. large-scale project demand drags on overall sales. Order backlog increases 25% to €350m.
SMA expands O&M business in South America
SMA has announced the completion of contracts for the operation and maintenance of two solar power plants in Chile. The plants are owned by Atlas Renewable Energies, and have a combined capacity of 180 MW. The plants include both SMA inverters and those of other manufacturers.
SMA’s results impacted by price fall
The German inverter manufacturer reports that shipments remained stable in the first half of this year, while revenues were down compared to a year earlier. The company, however, has raised its outlook for 2017.
SMA expects strong 2017 as firm raises annual forecast
The German solar inverter specialist has increased its earnings forecast for the year to between €900m and €950m as orders swell.
SMA holds firm as inverter revenue leader, with Huawei topping shipment charts, says IHS Markit
Latest market data from analysts shows that Huawei shipped the most inverters last year, followed by Sungrow, while SMA, Huawei and SolarEdge pulled in the most revenue worldwide.
SMA announces “major hiring push” in California, U.S. Northeast
The inverter giant’s expansion plans are a response to what it says are favorable market conditions. In addition, the company is introducing new products to the U.S. market, including solutions for battery storage.
The pv magazine weekly digest
It’s ‘business as usual’ in the solar industry as the novelty of 2017 starts to wear off, and how better to get back into the swing of things with more, uncertain, developments in the possible extension of EU trade duties against Chinese cell and module manufacturers, leaving us with as many questions as answers.
SMA’s yearly financials show record sales output, but a drop in revenues
Last year was a goody for German solar inverter manufacturer, by posting recording breaking sales figures alongside a rise in EBIT, however, the increase in price pressure in 2016 saw revenues fall, while this trend is expected to continue in 2017.
SMA claims over 25% of the Indian inverter market in 2016
German PV inverter supplier SMA Solar Technology shipped over 1 GW of solar inverters to the Indian utility-scale PV market in 2016, which accounted for 26% of the entire market, of which SMA is the second largest inverter supplier.
