[SMA acquires majority stake in Chinese PV inverter company]
SMA Solar Technology AG has acquired a 72.5% stake in Chinese photovoltaic inverter company, Jiangsu Zeversolar New Energy Co., Ltd. The move, if approved, will help SMA access China's burgeoning solar market.
Like those at this year's Intersolar China and the analysts at IHS, SMA forecasts that China will grow to become the biggest global photovoltaic market in the coming years. As such, it views its most recent acquisition as a strategic move towards gaining all important access to the market – something that was said to have been previously difficult, due to "local particularities".
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By: Becky Beetz
SMA Solar Technology AG has acquired a 72.5% stake in Chinese photovoltaic inverter company, Jiangsu Zeversolar New Energy Co., Ltd. The move, if approved, will help SMA access China's burgeoning solar market.
Like those at this year's Intersolar China and the analysts at IHS, SMA forecasts that China will grow to become the biggest global photovoltaic market in the coming years. As such, it views its most recent acquisition as a strategic move towards gaining all important access to the market – something that was said to have been previously difficult, due to "local particularities".
According the regulation of copy right in Korea, it is allowed to see full article by clicking the below news title.
Please click below to see full article.
By: Becky Beetz