SMA Solar finally enters China’s PV market

  • SMA Solar said it had taken a 72.5% majority share ownership in Zeversolar in an all cash transaction.
    SMA Solar said it had taken a 72.5% majority share ownership in Zeversolar in an all cash transaction.

Financials

  • S92
    ETR
    19.14
    -0.11 (-0.57%)
    5:35PM GMT+1

SMA Solar has entered the fast growing Chinese market by acquiring a majority stake in China-based start-up Jiangsu Zeversolar New Energy.

The largest PV inverter manufacturer had previously avoided entering the Chinese market due to long-held concerns over IP protection.

“Over the next few years, China will become the largest photovoltaic market worldwide," said Pierre-Pascal Urbon, SMA Solar Board Member.

“Up to now, we did not have access to this market due to local particularities. For this reason, our majority shareholding in Zeversolar is strategically highly relevant for us. We are taking advantage of this historic chance to successfully anchor SMA in a young growth market and to further establish our position as global market leader.”

SMA Solar said it had taken a 72.5% majority share ownership in Zeversolar in an all cash transaction valued at approximately €40 million. The transaction is still subject to approval by Chinese government authorities.

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 25th Edition

    In this issue we offer some insights into what the next wave of photovoltaic technologies may look like as that upturn gathers pace. Industry observers have been in broad agreement that the major next-gen PV technology innovations won’t happen straight away. But there’s also little doubt that the search is now on in earnest for the breakthroughs that will come to define the state of the art in the industry in the years to come.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media