ROCKLIN, Calif., May 25, 2010—SMA America, the U.S.-based subsidiary of global solar technology leader SMA Solar Technology AG, has announced the availability of select Sunny Boy solar inverters for projects requiring compliance with the “Buy American” clause in the American Reconstruction and Reinvestment Act of 2009 (ARRA). The ARRA compliant solar inverters are available for immediate shipment.
Currently, all Sunny Boy models assembled in Denver, which include solar inverters ranging from 3,000 to 7,000 watts, are ARRA compliant.
A range of additional products will also be produced at SMA’s Denver, Colo. site in the coming months and will meet the guidelines established under the Buy American clause.
During this transitional period, a portion of Sunny Boy solar inverters for the North American market will continue to be manufactured at SMA’s award winning production site in Kassel, Germany. The domestically assembled, ARRA compliant solar inverters will be specially designated by a unique label. Installers and project developers requiring these specific inverters should contact their local distributors for ordering information.
“SMA is known for its innovative European design and manufacturing,” said Jurgen Krehnke, president and general manager of SMA America. “With production in Denver, SMA has now paired German engineering with American assembly, setting an example for solar manufacturing in the U.S. while creating more than 700 domestic jobs.”
Additional SMA products, including Sunny Central inverters, which span commercial and utility power classes, and off-grid Sunny Island inverters will begin to be assembled at the new Denver facility within a few weeks.
“When we selected Denver as a manufacturing site, maintaining highest quality standards was of utmost importance to SMA and that kind of performance simply could not be found in low-cost locations worldwide,” added Krehnke. “In the coming months, SMA will demonstrate that the world’s leading PV inverters can be cost-competitively built in the U.S., thus helping to lead the way towards a strong ‘New Green Economy’ in North America.”
The Sunny Boy is the world’s most popular line of solar inverters and features class leading efficiency and reliability; its longevity is enhanced via SMA’s patented OptiCool active temperature-management system and rugged cast-aluminum outdoor-rated enclosure. Sunny Boy inverters are certified to the UL 1741/IEEE1547 standard and include a 10 year factory warranty, with the ability to extend up to 20 years.
The SMA Group generated sales of more than sales of 934 million Euro in 2009 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany, and is represented on four continents by 13 foreign subsidiaries. The Group employs a staff of over 4,000 (incl. temporary workers). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. 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 also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer.
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 executive 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 developments.
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