Manufacturer of solar inverters strengthens its position in Europe

Kassel/Niestetal, Germany, October 12, 2007 – SMA Technologie AG, the European and North American market leader in solar technology, founded a subsidiary in Greece in September 2007. The company is now represented in all the countries which support the use of renewable energies with extensive plans for promotion. Operators of solar power installations in Greece can now rely on lucrative compensation rates designed to attract investments. This has created an additional promising market potential within Europe, leading to increased use of photovoltaics and reduced CO2 emissions.

Haris Christidis, General Manager of SMA Hellas AE, explains: “It is our goal to meet the high local demand for our solar inverters and system monitoring components fast and with ease through our own sales department and first-class service. One of our top priorities is the early recognition of local trends so that we can strengthen our technology leadership on an international scale.”

Due to its high solar irradiation and a vast number of large, non-managed areas, Greece is particularly well-suited for the operation of high-performance solar power plants. To feed the direct current generated in the solar modules into the public AC grid, inverters are needed. SMA offers the right technical solution for all plant sizes, from 100kW central inverters to inverters for 1MW solar power plants. When selecting a solar inverter, decisive features are efficiency, compatibility with various modules and processing quality.

SMA Technologie AG, with subsidiaries in the USA, China, South Korea, Italy, Spain, France and Australia, is represented in the most important markets of the future. With the establishment of its most recent subsidiary near Athens, SMA follows through with the implementation of its internationalization strategy while resuming previously developed business relations. In the early 1980s, SMA added a wind park and a PV installation to the diesel power station on the island Kythnos, creating one of the first autonomous energy supply systems in Europe based on renewable energies. Since then, Kythnos is considered the reference point for the efficiency of electricity systems on islands and regenerative energies in general

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