SMA Solar Technology AG: Energy transition talk with Omid Nouripour at SMA

DGAP-Media / 29.08.2022 / 15:10 CET/CEST

Press Release SMA Solar Technology AG

Energy transition talk with Omid Nouripour at SMA

Niestetal, August 26, 2022 - As part of his summer tour, Omid Nouripour,
Federal Chairman of Bündnis 90/Die Grünen, visited SMA Solar Technology AG
(SMA, FWB: S92) to discuss the energy policy challenges in Germany with SMA
Chief Financial Officer Thomas Pixa. The focus was in particular on the
currently challenging supply situation with electronic components, the lack
of installer capacities in the solar industry as well as the strengthening
of Germany as an industrial location in order to actively promote the energy

"The current challenges for the solar industry are just as great as the
enormous global growth opportunities for renewable energies in the coming
years. The crucial question is to what extent Germany can benefit from the
energy transition," said SMA Chief Financial Officer Thomas Pixa. "At SMA,
we have strategically positioned ourselves in all relevant business fields
of future energy supply, will almost double our production capacities in the
next few years and can excellently participate in the global growth of
renewable energies. We are also mastering the ongoing shortage of electronic
components with great effort and well under the circumstances. Now we need
binding energy policy measures and incentives to accelerate the energy
transition as a whole and strengthen Germany's role as an industrial
location. For example, by building up production capacities in Europe in the
medium term to reduce dependence on Asian and US semiconductor and storage
manufacturers. Here, reliable investment support programs are just as
relevant as international credit partnerships in order to survive global
competition in the long term."

The current lack of installer capacities also needs to be given greater
focus in order to safeguard the energy transition in terms of industrial
policy, he added. With regard to the upcoming design of the "autumn package"
of the German government, the greater use of corrosion areas and the
standardization of the solar obligation were also the subject of the

Omid Nouripour was impressed by the performance of the solar company and
emphasized the importance of German industry for the success of the energy
transition: "SMA is a true energy transition company and sets standards in
every respect. With great expertise in systems technology for coupling
different sectors, which is so important for the energy transition, with a
strategy geared towards growth and a deep-rooted understanding of
sustainability and social responsibility. With the construction of the new
solar factory, SMA is sending an important signal to strengthen the location
and create new jobs in the region," said Omid Nouripour. "It is the task of
politics to develop solutions to meet the upcoming challenges and to
strengthen Germany as an industrial location. We in the coalition are
constantly talking about appropriate incentive programs, strengthening the
specialized craft businesses and encouraging investment, and we will also
get a number of things underway in the next few weeks," said Nouripour.

About SMA

As a leading global specialist in photovoltaic and storage system
technology, the SMA Group is setting the standards today for the
decentralized and renewable energy supply of tomorrow. SMA’s portfolio
contains a wide range of efficient PV and battery inverters, holistic system
solutions for PV and battery-storage systems of all power classes,
intelligent energy management systems and charging solutions for electric
vehicles and power-to-gas applications. Digital energy services as well as
extensive services up to and including operation and maintenance services
for PV power plants round off SMA’s range. SMA inverters with a total output
of more than 115 gigawatts have been installed in more than 190 countries
worldwide. SMA’s multi-award-winning technology is protected by more than
1,700 patents and utility models. 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 is listed in the TecDAX index and SDAX

SMA Solar Technology AG

Sonnenallee 1

34266 Niestetal


Head of Corporate Communications:

Anja Jasper

Tel. +49 561 9522-2805

Press Contact:

Susanne Henkel

Senior Corporate Communications Manager

Tel. +49 561 9522-1124


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

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 Managing 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 The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.

End of Media Release


Additional features:

File description: SMA Chief Financial Officer Thomas Pixa in exchange with
Omid Nouripour, Federal Chairman of Bündnis 90/ Die Grünen.


Issuer: SMA Solar Technology AG
Key word(s): Energy

29.08.2022 CET/CEST Dissemination of a Press Release, transmitted by DGAP -
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1430323

End of News DGAP Media

1430323 29.08.2022 CET/CEST