German-based PV inverter manufacturer KACO new energy said it had sales of 1.4GW in the first half of 2017, a new record for the company.
KACO noted that its sales momentum continued into the second quarter, after posting sales of 600MW in the first quarter of 2017.
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Ralf Hofmann, CEO of KACO new energy said, “In many parts of the world, the costs of using photovoltaics are competitive with conventional sources of energy. As a consequence, the global demand for PV arrays is rising and that state-of-the-art technology as delivered by KACO new energy is benefitting largely from that.”
The company included increased demand from German-based project developers and the previous introduction of its 'blueplanet' 50.0 TL3 INT string inverter last year for the increased momentum in sales.