SMA to Build 3.5 GW Solar Inverter Factory in US

• SMA Solar Technology AG is focusing on the US, announcing a 3.5 GW production plant and a Gigawatt Factory in Germany, both planned for completion by 2025. With the Biden Administration’s target of tripling US renewable energy deployments in the next 10 years, SMA is ready to make it happen.

German PV inverter maker SMA Solar Technology AG announced plans to build a 3.5 GW production plant in the US. The company is currently working with multiple US states to find the right location, with the project expected to come online in 2025. This initiative is part of the Biden Administration's Inflation Reduction Act (IRA), which seeks to triple annual US renewable energy deployments over the next ten years. SMA is also building a Gigawatt Factory at its German headquarters with an expected completion date of 2025.

Where Will SMA Solar's US Factory Be?

• The US factory of SMA Solar Technology AG will be located somewhere in the United States.
• The plant will have an annual capacity of 3.5 GW, potentially making it the largest solar inverter factory in the world.
• The selection process is ongoing, with the company currently in discussion with multiple US states.
• The US factory is part of the Biden Administration's Inflation Reduction Act (IRA), which aims to triple renewable energy deployments across the US over the next decade.
• The US factory will be completed in 2025, around the same time as the Gigawatt Factory being built at SMA’s German headquarters.