Being among the Earth's regions with the most hours of sunshine per year, India is an attractive market for SMA. The demand for energy in this up-and-coming emerging market will continue to grow significantly in the near future, and photovoltaics will play an important role in satisfying this growing demand. The Indian government has stressed its commitment to providing a cost-effective, clean and sustainable energy supply to the country by introducing the National Solar Mission in 2010. It aims at installing 100 gigawatts of PV power by 2022, thereby considerably increasing solar power's share of the total energy production in the coming years. “In light of these aspects, we are very pleased to have had the opportunity to discuss the further development of the Indian PV market and the role of SMA with Mr. Kumar,” said SMA Chief Executive Officer and Chief Financial Officer Pierre-Pascal Urbon.
“A reliable and sustainable energy supply is essential for India’s further economic development. Photovoltaics will be of great importance in this. I am happy to note that SMA, with its high-quality and technologically advanced solutions, is committed to the Indian market and could play an important role in achieving the ambitious solar energy target to ensure the future energy supply of the country”, stated the Consul General of India Raveesh Kumar.
Numerous PV projects have already been launched in India in recent years using SMA inverter technology. In addition to grid-tied PV plants of every size, the stand-alone and PV-diesel-hybrid solutions developed by SMA play an important role in providing electricity to remote areas without access to the power distribution grid as well as to industrial enterprises in areas with weak electricity supply. SMA is represented with an own sales and service company in India since 2010 and has a market share in India of approximately 25%.
The SMA Group with sales of more than €800 million in 2014 is the global market leader for solar inverters, a key component of all PV plants and offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries. The Group employs more than 4,000 people worldwide. SMA has an extensive range of products, which offers the right inverters for all module types and plant sizes; for small residential systems as well as large scale plants, grid-connected photovoltaic systems as well as off-grid and hybrid systems. The technology is protected by more than 550 patents. The range of services is supplemented by comprehensive services and operational management of large-scale PV power plants. 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.
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
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.
- Greater ChinaSimplified ChineseTraditional Chinese
- Germany (Global)GermanEnglishFrenchSpanish
- Middle East & AfricaEnglish
- South AmericaSpanish
- South AsiaEnglish
- South East AsiaEnglish
- United KingdomEnglish
- United States of AmericaEnglish