System availability is a key factor in PV system profitability – and it can be improved significantly through modernization. In addition to enhancing performance and increasing energy yields, modernization not only equips PV power plants with modern energy management functions, storage integration interfaces and energy trade connection interfaces, but also upgrades them in line with the latest cybersecurity standards. A PV power plant that has been modernized by specialists is longer-lasting and, in turn, much more profitable. Modernization also avoids servicing costs and output losses caused by aging components.
“The technology deployed in the field of PV power plants has advanced at a rapid pace these last few years,” said Boris Wolff, Executive Vice President of SMA’s Utility business unit. “Over the past two years, we have increasingly seen that older PV power plants, in particular, no longer satisfy all the requirements of modern and future-proof energy generation. This can be down to poor quality, outdated technology, insufficient maintenance or a shortage of spare parts. Manufacturers withdrawing from the PV business is often a factor as well,” Boris Wolff added. “In addition, changes in the general conditions are giving rise to new business models that cannot be leveraged with the existing installed technology.”
SMA is now offering the new Engineering Services to determine modernization requirements across the globe. The Engineering Services experts ensure that new components, services and software solutions are customized to the specific PV power plant and ambient conditions. Country-specific requirements of, for example, grid operators are also taken into consideration.
All information on SMA Repowering solutions and products as well as on the new Engineering Services is available here.
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 developments.
The SMA Group with sales of around €900 million in 2017 is a global 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 and digital energy 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 19 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 1,200 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 listed in the SDAX index
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