Gehrlicher Solar America reports 400% revenue growth in 2012

February 6, 2013
Facebook
Twitter
LinkedIn
Reddit
Email

PV project developer Gehrlicher Solar America (GSAC) has reported a 400% revenue growth for its PV systems business in the US in 2012.

The company had sales of US$74.1 million and an EBIT of US$2.4 million from preliminary 2012 results.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

GSAC noted that it worked in seven East Coast states in 2012, installing a total of 29MW, claiming it was the largest installer in the states of Georgia and Connecticut.

Notably, its highest profile customer is IKEA of North America, for which GSAC installed over 6MW in seven different locations in 2012.

“This growth, by far, exceeded our expectations and we are convinced that this is just the beginning,” noted Dr. Stefan Parhofer, CEO of Gehrlicher Solar America. “The US market has become a strategic pillar of our global growth strategy. Although it is certainly not an easy market for a European PV company, we have been able to overcome market challenges thanks to a highly qualified and dedicated team.”

Read Next

October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.
October 16, 2025
Expanding the electrification of Europe’s energy sector, would be the 'main tool' to improve the EU’s energy security, according to Ember.
October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 16, 2025
Off-grid solar company Sun King has revealed plans to set up manufacturing operations in Kenya and Nigeria.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK