The company is looking to expand its business in Europe's post-subsidy solar market. Source: GoodWe.
Inverter manufacturer GoodWe has reorganised its operations in Europe with an independent German subsidiary established in Munich.
GoodWe Europe GmbH will lead for GoodWe in Europe, Middle East and Africa. The German base will also become the main after sales hub for the company. It will also direct its other European teams in Spain, UK and Italy as it looks to expand in the region.
Thomas Haering, a solar veteran formerly of Solar Frontier and Hanwha SolarOne will be the managing director of the new entity.
“With decreasing panel price and removal of the minimum import price, we see significant growth potential for the solar market in Europe. GoodWe will keep developing the market in Italy, Spain and Germany with full speed in 2019,” said Huang Min, CEO, GoodWe.
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.