Niestetal, March 9, 2010 – SMA Solar Technology AG (Frankfurt Stock Exchange: S92) is to strengthen its presence in North America with the foundation of a subsidiary in Canada. The site will be selected during the course of the first half of 2010. The initial investment volume is between € 5 and 10 million. SMA solar inverters from the Sunny Boy, Sunny Central and Sunny Island product ranges are to be produced for the Canadian market. Sales and services are also to be bundled together into the company. SMA is planning to create 100 to 200 jobs on site in the medium term.

The province of Ontario in Canada offers an outstanding framework for the development of a sustainable photovoltaic market. The recently implemented support programme, combined with above-average solar radiation, creates a strong incentive for investment in photovoltaics. For manufacturers of photovoltaic components, the programme comprises of a call for local content. The goal of this call is the creation of high-quality jobs in a sector geared to the future.

“We support this call for local content and are meeting this requirement with the establishment of a production facility there,” explains Günther Cramer, Chief Executive Officer at SMA Solar Technology AG. “Ontario’s support programme is a guiding light and, according to our evaluation, of the potential in inspiring other Canadian provinces to follow suit.”

In parallel, the SMA Group is also increasing production capacity at the sites in Kassel and Denver. Germany is to remain the main production and technological development area for the future. At the sites in Niestetal and Kassel, annual capacity is to be increased to around 10 gigawatts by the middle of the year through the implementation of interim solutions. Production in Denver, USA is in the initial phase, operating at an annual capacity of around 1 gigawatt, and should start production this summer.

About SMA
The SMA Group generated sales of c. 934 million Euro in 2009 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany, and is represented on four continents by 13 foreign subsidiaries. The Group employs a staff of over 4,000 (incl. temporary employees). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. Since 2008, the Group’s parent company SMA Solar Technology AG has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany


Press contact:
Volker Wasgindt
Head of Press and Association Work
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de


Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de
Julia Damm (Private Investors)
Phone +49 561 9522-11 64



Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the executive board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

• Sales increased in difficult market environment by 37 % to about 934 million Euro with a sold inverter output of approx. 3.4 GW
• EBIT increased to about 228 million Euro (EBIT margin approx. 24.4 %)
• For 2010, the Managing Board expects a sales increase to 1.1 billion Euro to 1.3 billion Euro with an EBIT-margin of 20 % to 23 %
• Managing Board will  be temporarily expanded to seven board members
• Supervisory Board will be extended to twelve members due to surge in SMA workforce

Record year 2009
SMA Solar Technology AG (FWB: S92), world market leader for solar inverters, today published its preliminary figures for fiscal 2009. With record sales of approx. 934 million Euro, the Company exceeded its sales forecast of between 850 and 900 million Euro (previous year: 682 million Euro). Group sales were driven primarily by the significantly higher demand in the second half year of 2009. The short-term increase in the produced inverter output from the first to the fourth quarter 2009 at a ratio of distinctly more than 1:4 (Q1: c. 243 MW, Q4: c. 1,415 MW) again provides proof of SMA’s high degree of flexibility.

The EBIT of approx. 228 million Euro (previous year: 167 million Euro) is slightly above the earnings forecast (195 million Euro to 225 million Euro). The EBIT margin of approx. 24.4 % will reach the level of the previous year (24.6 %). With these figures, 2009 is the most successful year in the Company’s history.

SMA strengthened its market position again in fiscal 2009 and raised its worldwide market share to more than 40 % according to its own estimates (previous year: 38 %). “Due to our technological leadership, our unique strategy of flexibility and our ongoing international expansion, we achieved excellent operating results. We were again able to prove our competitive strength in a market environment that is characterized by intense competition," explains Günther Cramer, Chief Executive Officer of SMA Solar Technology AG.

The complete and audited 2009 annual report will be submitted by SMA on March 31, 2010, and the Managing Board will then present the results on the same day at the press conference on the annual results in Frankfurt am Main.

Sales and earnings forecast 2010
The Managing Board expects strong market growth in 2010. Germany will remain by far the largest photovoltaics market worldwide, but there will be decisive growth impulses from foreign photovoltaics markets. Owing to its international distribution and service organization, SMA will be able to benefit from these developments. The Managing Board expects to keep the worldwide market share in 2010 above 40 % and to achieve sales of 1.1 billion Euro to 1.3 billion Euro for the current fiscal year. The intensity of competition, which has increased due to growing internationalization, and the stronger digression of feed-in tariffs in Germany will lead to higher cost pressures. Hence, SMA expects a slight decrease in EBIT-margins in 2010 down to 20 % to 23 %.

Temporary expansion of Managing Board
The founders of SMA Solar Technology AG have prepared the Company systematically for many years for the pending challenges and a generational shift in the Managing Board. The organizational change from a pioneer to a global market leader was completed very successfully earlier than scheduled. Due to the expansion of the Managing Board in 2009 and the distinct extension of the second management level to 18 divisional managers, the organizational structure has also been prepared consistently for the high requirements of the dynamic photovoltaics market.

The inflow of funds from the successful IPO in 2008 provided SMA with the financial prerequisites to benefit from the worldwide growth of the photovoltaics sector. SMA expanded its business activities and international presence early on and, today, has 13 subsidiaries abroad. The group of companies is sustainable in every respect.

As announced by SMA Solar Technology AG as early as in February 2009, the contracts with the two founding board members Günther Cramer (CEO) and Peter Drews (COO) will expire in the middle of 2011. After 30 years of activity in the Company’s management, Günther Cramer and Peter Drews will complete the generational shift and stand as candidates for the Supervisory Board.

In order to ensure an optimal induction of the new board members as well as a smooth transfer of responsibilities, the Supervisory Board resolved today to expand the Managing Board from five to seven board members to April 1, 2010 for the period until the departure of both founders.

Effective April 1, 2010, Uwe Hertel (*1960), graduate engineer, will become new Managing Board member in charge of production. Uwe Hertel has been with SMA for 19 years and is currently Senior Vice President Production. He also sets up the US-production site in Denver, Colorado.

The graduate social pedagogue Jürgen Dolle (*1954) will take over the board department of Human Resources effective on April 1 likewise. Jürgen Dolle has been with SMA since 2001 and currently serves as Vice President Human Resources. In this position, he successfully expanded SMA‘s workforce over many years of strong growth. Jürgen Dolle also advanced SMA‘s corporate culture, which has been awarded several times, and implemented it in SMA’s subsidiaries worldwide. He will also fullfill the function of the labor director.
 
CEO Günther Cramer will continue to assume the functions of strategy and corporate communication. Peter Drews will fill the temporarily established board position Systematic Product Cost Reduction, becoming Chief Product Officer (CPO) until the Annual General Meeting 2011. The scheduled and fast cost reduction for SMA products is of the utmost importance for the medium- and long-term expansion of the Company’s leading market position. To this end, the Company intends to develop further consistently the holistic approach to a strategic cost reduction, which will include equally the elements technology, materials, production and reliability. Peter Drews will devise a corresponding strategy in the next few months across all functions and implement it in the Company with a lasting effect. “It is our declared goal to strategically further develop our to date successful technological approach to promote the systematic product cost reduction by permanent innovation. In this context, we will follow an interdisciplinary systematic that ensures stronger interactions between the different functional areas within the Company,“ says Peter Drews.

Effective April 1, 2010, the Managing Board of SMA Solar Technology AG will therefore consist of the following seven members: Günther Cramer (CEO; strategy & corporate communication), Jürgen Dolle (Chief Human Resources Officer), Peter Drews (Chief Product Officer), Roland Grebe (Chief Technology Officer), Uwe Hertel (Chief Operating Officer), Pierre-Pascal Urbon (Chief Financial Officer) and Marko Werner (Chief Marketing & Sales Officer).

“We are looking back to the most successful year in the Company’s history. For a long time, we have prepared the Company for the generational shift and regard it as highly sustainable and optimally positioned in all areas,“ explains Günther Cramer, Chief Executive Officer of SMA Solar Technology AG. “The next logical step towards the final changing of the guards is the transfer of responsibilities. We hand the board departments Operations and Human Resources trustfully over to excellent successors and into reliable hands at the same time. For assuring an ideal transition process, we want to accompany the generational change until the Annual General Meeting.”

Expansion of Supervisory Board
Due to the positive development of SMA during the past years, the number of employees has significantly increased up to more than 4,000 (incl. temporary employees). It is therefore necessary to expand the Supervisory Board to twelve members as well as to compose the Board on a parity basis. The Managing Board today gave notice according to § 97 Aktiengesetz (German Stock Corporation Act). In the future, the Supervisory Board will be composed of six shareholder representatives and six employee representatives. The employee representatives, thereof two trade union representatives and one executive employee representative, are elected by the employees. The six shareholder representatives will be elected by the Annual General Meeting on May 27, 2010. All current shareholder representatives have shown their will today to stand for election at the upcoming Annual General Meeting.


About SMA
The SMA Group generated sales of c. 934 million Euro in 2009 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany, and is represented on four continents by 13 foreign subsidiaries. The Group employs a staff of over 4,000 (incl. temporary employees). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. Since 2008, the Group’s parent company SMA Solar Technology AG has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer.
 
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany


Press contact:
Volker Wasgindt
Head of Press and Association Work
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de


Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de
Julia Damm (Private Investors)
Phone +49 561 9522-11 64



Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the executive board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

With the Sunny Boy 3000HF, SMA strongly compliments its new inverter generation for the world market. Based on the latest SMA technology, the inverters offer the highest yields for galvanic separating devices of the 2000 W, 2500 W and 3000 W power classes. Additionally, during the development of the design, the focus was on the special building requirements in the USA: because of the slim enclosure, the Sunny Boy 3000HF can be integrated fitting perfectly in timber-framed walls. Additionally, in the USA the grounding of the PV system is stringently prescribed. The SMA engineers have also developed a convenient solution for this: as a result of the pluggable grounding set the inverter can be simply and safely grounded - without the installer having to open the lid. The actual cabling is already laid out in the device, the plugged-in fuse therefore only closes the electric circuit. Since the fuse is in a removable plug module, a replacement is also very easily possible.

"With the development of the Sunny Boy 3000HF, we have been able to develop our technological leadership another step further. For our customers and the system owners this systematic development work pays off: through the continual reduction of the specific prices and a continually increasing installation- and operation comfort", says Günther Cramer, Spokesman of the Board.

The pluggable communication interface of the new PV inverters, expected to be available from the first quarter of 2010, also follows a similar concept: the standard unit will be delivered with every device, and can, if necessary - for example for communication via RS485 - be replaced simply. The wireless communication via Bluetooth® is an integral component of every device. Furthermore, the installer no longer has to open the enclosure for the parameterizing of the communication and for country settings, rather very simply uses the communication unit. It contains as standard a part of the operation control, the holder for the SD card as well as three decode switches for country versions and Net ID for the Bluetooth communication. The reduced weight, the modern graphic display and wireless system communication with Bluetooth make the devices especially user-friendly. And the extended input voltage range from 175 to 700 Volts (or to 600 Volts in the USA) also gives you extraordinary flexibility of system design.

Low investment and installation costs - high operation and yield security: the Sunny Tripower

Also represented: the Sunny Tripower expected to be available from the end of 2009. Firstly, in addition to its own properties as highly efficient PV inverter, it offers a multitude of integrated functions from PV system technology. The device has, for example, an electronic string fuse, a self-learning string failure detection and an integrable over-voltage protection. "In comparison to external solutions, through this a significant reduction of the investment, installation and maintenance costs can be reached while simultaneously increasing the operational reliability and yield security without additional cost. This makes the Sunny Tripower extremely efficient and flexible and ensures high security in terms of investment and planning" says Günther Cramer, Spokesman of the Board. All devices are in addition designed for the feed-in of reactive power. Thus, they represent a reliable contribution to grid management in compliance with the BDEW guidelines.

Through the uncomplicated integration of the Sunny Tripower into the existing SMA communication landscape the above mentioned solutions can be integrated into the system monitoring without additional costs. An electronic string fuse as an alternative to a thermal fuse gives greater operational safety, is loss and maintenance free and requires no complex dimensioning. As a result of the self-learning string failure detection, even the parameterizing of nominal values is not necessary. The integration possibility of the DC over-voltage protection type II in the inverter ensures in addition a reduction in the system costs and mounting time.

Additionally, SMA offers with Sunclix the new uniform DC plug system for SMA inverters, a simple solution for tool-free mounting. The appropriate field plug is enclosed with both the Sunny Boy 3000HF and the Sunny Tripower free of charge.

Efficient operation of shaded PV systems: the new OptiTrac Global Peak

Even when the effects of shadowing on the annual energy yield is often lower than commonly assumed: it sometimes leads to considerable yield losses. "It is an important target for SMA to further minimize yield losses caused by shadowing. With the OptiTrac inverter operation control, we have have developed a technologically leading solution here and go a step further now with the new version", says Roland Grebe, Chief Technology Officer. The new version was specially developed for those PV systems where partial shadowing is unavoidable. Which, from experience, tends to be an issue in the small and medium power range. The problem: if individual modules of a module string are shaded, suddenly numerous "local" MPPs (point of maximum power) occur on the power curve of the string.

It is crucial that the inverter`s MPP tracker operates the PV generator at the actual, 'global' maximum power point as much as possible and to not adjust itself to a local power maximum. Since this can lie significantly lower in power than the global power maximum and thus cause yield losses. "In contrast to the current standard MPP tracking procedure, with the newly developed OptiTrac version, we achieve exactly that which serves the secure locating of the global power maximum in shaded PV systems", explains Roland Grebe. Constant operation at global maximum again increases the energy yield of a partially shaded string clearly and ensures the optimum operation of the partially shadowed PV system. A good example, that new technologies for the user can pay off literally.

Hamburg/Niestetal

Information & press contact

SMA Solar Technology AG
Anja Jasper
PR Product Manager
Sonnenallee 1
34266 Niestetal, Germany
Germany
Telephone: +49 561 9522 2805
E-mail: Anja.Jasper@SMA.de
www.SMA.de

About SMA Solar Technology AG:
With a turnover of more than 680 million euros in 2008, SMA is the global market leader for PV inverters, a central component of every solar power system. The SMA group is headquartered in Niestetal, near Kassel, Germany, and is represented on four continents in eleven countries. The group employs more than 3,000 people (including temporary employees). SMA produces a broad range of inverter types which offers suitable inverters for every photovoltaic module type used and for photovoltaic systems in all power ranges. The product portfolio includes inverters both for grid-connected photovoltaic systems and for stand-alone systems. The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (S92) since June 27, 2008 and the company's stock has been listed on the TecDAX since September 22, 2008. In the past years, SMA was recognized several times with awards for its outstanding performance as an employer.

Until now, the school center, which is about 200 kilometers away from Uganda's capital, Kampala, had access only to insufficient electric power for a few hours a day, provided by a diesel generator. This way, the boarding school's approximately 500 pupils could only study for one or two hours after sunset, which happens very early in this region. Often, the generator was not used at all, because there was no money for diesel.

The successful installation of the photovoltaic plant secures the electric power supply needed for the school's operation and for the future training workshops: a stand-alone installation with a power output of about 10.4 kWp provides the school center with electric power reliably and round the clock. For this, SMA provided the inverters (Sunny Island IS 2224 / Sunny Boy 4000TL-20) and SolarWorld AG donated the photovoltaic modules. The materials for mounting and cabling came from the firm Solartechnik Stiens GmbH and Co. KG.

SMA's support for the project was not only material: eight SMA employees used their summer vacation to build the plant in Kooki. The team was supported by one employee from Solartechnik Stiens and three members of the organization in charge of the project, the "Together - Hilfe für Uganda e.V.".
Along with the construction of the plant, training courses pertaining to the PV installation were conducted. "Along with the actual installation of the plant, it is especially important for us to involve the locals", explains Mario Vogel, head of the project at SMA. "In this way we do not only secure the proper operation and maintenance of the plant, but we simultaneously promote the transfer of knowledge regarding the multifaceted application possibilities for PV installations."

Under the label Solar2World, SolarWorld AG combines projects which make a worthwhile contribution to local development in emerging and developing nations. "Electrification is decisive to fair development in poorer regions of this earth. Once more, the project shows how to help locally with uncomplex funds.", explains Chief Executive Officer of SolarWorld AG, Frank H. Asbeck.  

SMA has been supporting the "Together - Hilfe für Uganda e.V." association's development projects for some years, and the greater portion of the employees' yearly Christmas donations are used for this cause. This way, SMA will also be involved in the future in the further outfitting and the educational concept of the vocational school in Kooki.

Background of PV Stand-Alone Systems
More than two billion people still do not have access to electrical power. Stand-alone electricity systems allow for the generation of electricity independently of a central supply and an electricity grid. These systems, which allow for extension through additional generators and consumers without entailing greater technical expenditure, can be used to provide power for remote regions far from a grid, thus promoting their development.

About SMA Solar Technology AG
SMA generated sales of more than 680 million Euros in 2008 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. The SMA Group is headquartered in Niestetal, near Kassel, Germany and is represented by foreign subsidiaries in eleven countries on four continents. The Group employs a staff of over 3,000 (including temporary workers). The SMA product portfolio includes a comprehensive range of inverters, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers inverters for photovoltaic plants connected both to the grid and inverters for off-grid systems. Since 2008, the company has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also on the TecDAX. In recent years, SMA has received numerous awards for its excellence as an employer.

Niestetal

Press contact:
SMA Solar Technology AG
Volker Wasgindt
Head of Press and Association Works
Sonnenallee 1
34266 Niestetal
Germany
Tel. +49 561 9522-11 21
Fax.+49 561 9522-11 03
Volker.Wasgindt@SMA.de

Disclaimer:

This press release serves only as information and is not an invitation to purchase, hold or sell shares.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Executive Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

The information contained herein is not for publication or distribution in the United States of America, Japan, Canada or Australia.