Record sales and market share gains marked SMA Solar Technology AG’s financial results for 2008. Sales more than doubled to €682 million, representing a slight increase on preliminary results reported in February, 2009.
SMA said it had increased its PV inverter output sold by about 130% to 2.2GW, compared to 950 MW in 2007. According to SMA it had a global market share of approximately 38%, up from 34% claimed in 2007. Sales were boosted by sales outside Germany, accounting for 42% of sales in 2008, compared to 29% in 2007.
This article requires Premium SubscriptionBasic (FREE) Subscription
Already a subscriber? Sign In
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
