“The North American market is one of the most important PV markets worldwide. The Grand Renewable Solar LP contract to deliver 130 central inverters and take over the operational management of the 100 megawatt plant in Ontario proves again that SMA has an excellent international position as a major project development partner in the industrial plant segment,” explains SMA Chief Executive Officer Pierre-Pascal Urbon.
The delivery of the 130 Sunny Central 800CP-US central inverters will begin early in 2014. With an efficiency of 98.7%, the inverters ensure the plant's maximum efficiency and profitability – even under adverse weather conditions. Additionally, they assume important grid management functions.
In addition to the delivery of the inverters, Grand Renewable Solar LP has selected SMA to take over operational management of the whole plant for 10 years. SMA‘s comprehensive O&M service not only includes the inverters, but also the medium-voltage components, modules, frames, all the cabling as well as the vegetation and fencing around the plant. Repairs, device replacements, maintenance and visual inspections are also part of the package. This means that SMA guarantees the plant operator seamless operation at all times as well as outstanding performance and planning certainty.
The SMA Group generated sales of €1.5 billion in 2012 and is the global market leader for solar inverters, a key component of all PV plants and, as an energy management group, offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented internationally in 21 countries. The Group employs more than 5,000 people worldwide. SMA’s broad product portfolio includes a compatible inverter for every type of module on the market and for all plant sizes. The product range includes both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. SMA is therefore able to provide ideal technical inverter solutions for all plant sizes and types. 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 excellence as an employer and achieved first place in the nationwide “Great Place to Work®” competition in 2011 and 2012 and fourth place in 2013.
SMA Solar Technology AG
Head of Corporate Communications:
Tel.: +49 561 9522-2805
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
Investor Relations contact:
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
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 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 www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.
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