SMA Exceeds 3 GW Solar Inverter Sales in India

Mumbai, (PresseBox) - SMA Solar Technology AG (SMA) has sold more than 1 gigawatt of solar inverters into all market segments in India in 2017. SMA inverter sales in the commercial segment have even doubled compared to last year. This corresponds to a market share of 30% in the commercial segment. In total, the installed inverter base in India exceeds 3 gigawatts.

“India is one of the key markets for SMA in Asia Pacific. In the last 3 years, we see the strong commitment from the Indian government as well as the growing market demand in the solar sector. Thanks to SMA’s wide product range catering to all market segments as well as the service network with regional presence, our inverter shipment in 2017 in India exceeds 1GW across all segments.” said John Susa, Executive Vice President of SMA Sales North America/APAC. “As a result, we are proud to announce that our total shipment of solar inverters in India has passed 3GW accumulatively.”

“We are very happy to see that our business growth not only comes from central inverters for utility-scale PV power plants but also from string inverters for the growing commercial segment. Our commercial sales have doubled compared to last year and now we have 30% market share in commercial segment and 20% market share in utility segment in India.” said Rakesh Khanna, Managing Director of SMA India.

SMA is strongly committed to the Indian market and has opened its sales and service subsidiary in India in 2010 offering products and solutions for centralized and decentralized PV power plants as well as for commercial PV applications with its Sunny Central 1000CP-XT, Sunny Central 2750-EV/2500-EV, Sunny Tripower 15000TL / 20000TL / 25000TL and Sunny Tripower 60 solar inverters. SMA’s full range of solar inverters with highest standard of quality and reliability helps SMA maintain a leading position in the Indian solar market.

Please find all information on SMA products and solutions at www.sma-solar.com.

Disclaimer:

This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developme

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SMA Solar Technology AG

The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA's range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA's multi-award-winning technology is protected by more than 1000 patents and utility models. Since 2008, the Group's parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.

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