Fronius reports 2010 sales growth of 52%; revenue nudges €500 million

Facebook
Twitter
LinkedIn
Reddit
Email

Just one small euro million below the half-billion euro mark was reported by Fronius for revenue in 2010. The Austrian inverter manufacturer grew sales by 52%, compared with the previous year. Although sales in the PV inverter segment were not given separately, 2010 was characterised as a record year for inverter sales by market research firms.

“This remarkable year is attributable to the global recovery in the automobile industry and the marked growth of many solar markets,” noted Otto Schuster, director of sales and marketing at Fronius.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Fronius also noted that it exported 94.9 % of its products in 2010 and has 17 international subsidiaries and sales partners/representatives in more than 60 countries.

The company is currently building a new facility for solar inverters in Canada.

“We expect strong second half figures for the Solar Electronics division, as the governments in key markets such as Italy and Germany have given the green light for new photovoltaic funding models,” added Schuster.

The first half of this year has been characterised by a 39% decline in inverter shipments in the first quarter, according to IMS Research.

Read Next

Premium
September 2, 2025
In August 2025, the final month of Australia’s winter, utility-scale and rooftop solar PV generation in the National Electricity Market (NEM) saw a dramatic 22.5% month-on-month increase to 3,338GWh.
September 1, 2025
Sembcorp Solar Singapore has won a tender to develop an 86MWp floating solar PV project on Pandan Reservoir. 
Premium
September 1, 2025
The UK’s new Labour government took power last summer, promising a renewable energy revolution, with solar playing a lead role.
September 1, 2025
California's solar and storage association has called for US$10 million fines for PG&E and SCE for failing to approve residential solar and storage projects applications quickly.
September 1, 2025
General Corporation for Electricity Transmission and Distribution has signed a deal with Syrian-Turkish Energy Company (STE) to build a 100MW solar plant in Kafr Behm, Hama Governorate.
September 1, 2025
Solar Organic Centro España is planning to build a 10GW solar module and battery manufacturing facility in the Spanish autonomous community of Castilla-La Mancha.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines