In order to accommodate the growing North American solar market, SMA Solar Technology will establish a new production facility in Denver. At its inauguration, the yearly production capacity of the new facility will be around 1 GW, with an option for expansion.
In this new facility, SMA will produce the Sunny Boy, Sunny Central and Sunny Island product lines for the North American market. SMA, the Etkin Johnson Group, the State of Colorado and the City of Denver have signed agreements for the establishment.
‘In the medium term, we expect the U.S. market to become the largest solar market globally,’ says Gunther Cramer, CEO of SMA Solar Technology AG. ‘With the new production in Denver, SMA will be able to reduce transportation and interim storage costs, as well as currency exchange risks.’
In the near future, SMA will employ a staff of 700 (including temporary employees) in Denver. Production is planned to begin around mid-2010. The investment for the new production line and building enhancements is estimated at around 15 million euros.