in News Departments > New & Noteworthy
print the content item

comments: 0

SMA Solar Technology AG has announced plans to acquire a 72.5% majority stake in Chinese inverter manufacturer Jiangsu Zeversolar New Energy Co. Ltd. SMA says it plans to use the joint venture primarily to aid comprehensive operation in the Chinese market.

"With this joint venture, SMA is gaining access to products specifically tailored to the unique needs of the Chinese market," says Pierre-Pascal Urbon, SMA speaker of the managing board. "As a leading manufacturer in China, Zeversolar is also in contact with the prevailing customers and decision-makers in the energy industry. We will be serving the Chinese market via the modern production site in Yangzhong and are also in a position to quickly increase capacity through already established processes."

The economic start of the joint venture is planned for Jan. 1, 2013. The transaction is still subject to approval by Chinese government authorities and the responsible anti-trust offices.




Solar Careers
Latest Top Stories

Are Solar Shingles Coming To A Rooftop Near You?

Despite the initial hype, the new technology has been slow to make inroads against conventional rooftop solar.


Solar Cell Production Line Upgrades Driving Higher PV Performance

Manufacturers of multicrystalline solar cells are seeking to improve performance by implementing new technologies on existing lines.


Own Or Lease? Think Of Rooftop Solar As A Car That Makes Money

While upfront cost is often the first issue on the prospective solar customer's mind, it should not be the only one.


Minnesota PUC Passes On Value Of Solar, But Likely Not For Long

On Aug. 7, the Minnesota Public Utilities Commission (PUC) accepted Xcel's proposal to put off a value of solar tariff for its community solar garden program for now. But experts expect a rapid return.


States Dangle Property Tax Abatements To Draw New Solar Customers

Tax abatement programs offer states an incentive option for property owners to install solar systems.

S&C Electric_id1352
WIP_id1320
PVcobra_id1394