Huawei Technologies has renewed its PV inverter distributor deal within European markets with Wattkraft, which is expected to lead to the supply of around 500MW through 2017.
PV components distributor Wattkraft expects to provide around 300MW of Huawei’s ‘FusionSolar’ Smart PV string inverters to the German market in 2017 and the remaining 200MW to other European countries this year, which is expected to be double the shipments achieved in the distribution agreement from 2016.
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Giovanni Migliore, CEO of WattKraft, said “It is exciting to see how together we have developed a successful growth strategy within a global solar market that requires a high degree of flexibility and competitiveness. Through partnership, Wattkraft can generate new added value services and delivery quality on the distribution side, and Huawei can deliver products and innovation, with the strong brand presence and determination of a true leader.”
Wattkraft noted that it typically retains around 20MW of Huawei inverters in stock at anytime.