Thirty years of Solarwatt: sales target of EUR 1 billion for 2025

Feb 20, 2023 05:22 PM ET
  • Dresden, Germany-based Solarwatt GmbH is celebrating its 30th anniversary, making it one of the globe's earliest manufacturers of solar modules.

The firm, reorganized from square one after an extreme crisis and bankruptcy process in self-administration started in 2012, as well as today likewise a provider of battery storage space systems, billing systems for electrical cars and various other components for industry coupling, utilized the occasion of its anniversary to introduce a revenue target of EUR 1 billion ($ 1.07 billion) for 2025. That would be a threefold increase over 2022, for which Solarwatt cites sales of EUR 330 million, about 40 percent of which from various other European nations. In 2010, before the beginning of the crisis in the German and also global solar market, Solarwatt had sales of EUR 325 million.

The business was founded in 1993 by Frank Schneider and also Lothar Schlegel and also, like other PV business of the time, was concerned among other things with establishing its own production equipment. Solarwatt presented a stringer established internal for interconnecting the cells in solar modules. Series manufacturing of modules in Dresden began in 2000. Solarwatt had actually already developed its first glass-glass solar module in 1998, as well as today the company counts exclusively on this style, which is now extensively made use of throughout the sector. In 2013, Solarwatt introduced the "Energy Manager", a power administration system for using solar energy, as well as in 2015 the modular battery storage space system "MyReserve". Today, around 800 individuals work for Solarwatt in Dresden in addition to at other places in Germany, France, the UK, the Netherlands, Italy and Spain.

Solar Installers, Manufacturers