PV inverter specialist KACO new energy has said it is targeting group sales of around €200 million in 2015, nearly double the figures achieved in the previous year.
KACO noted that that the improved sales environment was driven by good growth in the North American and Asian Pacific markets and a stable environment in European markets.
The US was said to be a key driver with sales expected to have tripled over 2014.
In Asia, KACO noted the success of its regional manufacturing footprint strategy with South Korea being its base. The company noted that it had shipped15 Powador XP 500-HV TL central inverters to the Japanese market in 2015, while shipping a further 25 to projects in Thailand.
Business momentum was expected to continue in 2016. KACO guided sales of around €250 million.