SMA Solar begins on EUR-80m factory in Germany
Apr 21, 2023 01:59 PM ET
- German photovoltaic or pv (PV) inverters manufacturer SMA Solar Technology AG (ETR: S92) has actually begun building service a new Gigawatt Factory at its regional headquarters that is expected to increase the company's production capacity to nearly 40 GW.
The complex, which will certainly make systems for large-scale solar (PV) nuclear power plant, will be located over a location of 46,000 square meters (495,139 sq ft) in Niestetal near the city of Kassel, main Germany. The EUR-80-million (USD 87.5 m) site is anticipated to be finished and also start shipments in 2025, SMA said in a declaration previously this week.
The Gigawatt Factory will certainly be geared up with a PV system. The building will be constructed by Bremer AG from Paderborn, while the project itself is established by Hamburg-based real estate business, building team AG as well as Garbe Industrial Real Estate GmbH.
The German PV inverters supplier revealed its plan to build the facility in mid-2022.
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