kaco new energy

Deal follows on from the sale of central inverter business two months ago.

PV inverter manufacturer KACO new energy is changing its business focus to include only string inverters and energy storage products, after its acquisition of Energy Depot, selling its central inverter business subsidiary in South Korea to OCI Power. Financial details were not disclosed.

PV inverter manufacturer KACO new energy said it has supplied its string inverters to a 10.2MW solar carport in Turkey as part of a new amusement park near completion in Ankara, Turkey.

PV inverter manufacturer KACO new energy said it has secured orders totalling 550MW in the third quarter of 2017 with cumulative sales so far in 2017 of around 1.95GW, marking orders almost 70% the prior year period.

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.

German PV inverter manufacturer KACO new energy said it expected shipment volumes in 2017 to reach almost 2.5GW after booking 600MW in the first quarter.

South Korean PV specialist DNE Solar has signed a framework agreement with German inverter manufacturer KACO New Energy for the delivery of 300MW of string inverters.

This week's Movers & Shakers includes a celebration of clean energy with the #CleanEnergyJobs campaign revealing that the industry employs over 3 million Americans to date. The segment also includes NRG and ABB appointing new board members, Germany's KACO expanding into Asian markets and the SEIA hiring Dana Sleeper as its new head of external affairs.

In this week's Movers & Shakers, PV Tech reports mostly on good news, with new appointments in sales, public policy, asset management and business development. However, Texas' Mission Solar Energy has announced its second wave of big job cuts - this time slashing 170 jobs as the company realigns its objectives to purely module assembly.

KACO new energy has signed off on a deal to supply 2.5MW of inverter capacity to Hungary. The order has been placed with the German photovoltaic specialist by Hungarian EPC and distributor Szalontai.