Niestetal/Bangkok, October 23, 2015—SMA Solar Technology AG (SMA) has achieved 1 GW of solar inverter sales in Thailand. Thailand is the fourth market in the APAC region where SMA has reached this milestone. SMA has been present in the country since 1998 and opened its subsidiary in 2011 to cater to the growing region.
“SMA’s market leading position has been built on a reputation of state of the art, robust and reliable technology from Germany, backed by excellent local service,” said SMA Thailand Country Manager Suntisuk Mathinapitak. SMA Thailand has seen considerable growth particularly in the utility segment, which has been largely driven by the government’s policy to increase the portion of electricity produced from renewable energy sources. The recent Government Agencies and Agricultural Cooperative solar farm program, initiated by the National Energy Policy Council (NEPC), offers 800MW of licenses to stimulate additional opportunities for more utility scale solar in Thailand.
The experienced local team of SMA Thailand offers sales and service support for SMA’s extensive product portfolio and believe it is in a leading position to give its customers confidence when applying for project contracts. “2015 has been a successful year for solar farm projects in Thailand and with the Government Agencies and Agricultural Cooperative solar farm program as well as emerging residential and commercial markets SMA expects to see further growth in this region,” said Suntisuk Mathinapitak.
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 19 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 680 patents and utility models worldwide. 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
SMA Thailand Contact:
SMA Solar (Thailand) Co., Ltd.
Level 17 Unit ML1708-10
The Offices at CentralWorld
999/9 Rama I Road
Khet Pathumwan, Bangkok 10330
Tel.: +662 670 6900
See more at: www.sma-thailand.com
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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