Ingeteam takes on Bonfiglioli’s PV business

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The move will help Ingeteam strengthen its international reach in the solar sector, particularly in the US and India. Credit: Ingeteam

Power electronics and O&M firm Ingeteam is taking over the solar business of Italy-based PV inverter company Bonfiglioli Riduttori.

The move will help Ingeteam strengthen its international reach in the solar sector, particularly in the US and India, according to a release. The firm can now add Bonfiglioli’s installed capacity of 3GW to its own 6.5GW.

Ingeteam provides a range of solar services including O&M, inverters, medium voltage power stations and battery inverters.

David Solé, managing director of Ingeteam’s energy division, said: “This strategic integration will enable us to significantly strengthen our presence in the United States and India, which are two key markets in the PV sector for Ingeteam.”

Fausto Carboni, chief executive of business at Bonfiglioli, said: “The solar business has been an incredible catalyst in the past decade and the decision of disposing was difficult but, in order to preserve the solar business success, a strong and large partner in the renewable power conversion sector was needed and we are certain Ingeteam is as such.”

Read Next

January 19, 2022
Chinese inverter manufacturer Sungrow has launched its new "1+X" central modular inverter with an output of 1.1MW at the World Future Energy Summit in Abu Dhabi.
December 13, 2021
The US Senate Finance Committee has included manufacturing incentives for domestic producers of solar trackers and inverters in its draft version of the country’s Build Back Better (BBB) budget reconciliation bill.
November 3, 2021
nverter manufacturer SolarEdge posted record revenues from its solar division in Q3 2021 despite a COVID-related shutdown at its manufacturing facility in Vietnam impacting its ability to meet demand.
October 27, 2021
Microinverter supplier Enphase Energy reported record quarterly revenue in Q3 2021 but stressed the importance of price increases to help offset price volatility in its supply chain.
October 7, 2021
PV Tech's coverage of Intersolar Europe 2021 continues, with all the news and insight from the second day of the exhibiition.
October 1, 2021
PV Evolution Labs (PVEL) has launched a crowdsourced testing programme that will work with solar investors, developers and asset owners to test inverters and does not require manufacturer participation.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal