KACO new energy quarter results at an all-time high.
Nearly two gigawatts of inverter power sold in the first nine months of 2017.
Neckarsulm, 24. October 2017 – KACO new energy can look back on a successful third quarter of 2017: the inverter manufacturer received orders for 550 megawatts in the period from July to September. The cumulative inverter power sold so far this year is 1.95 gigawatts.
KACO new energy is on track to achieve its ambitious targets for 2017. Recently, the German manufacturer announced the best half-year results in the company’s history, with orders amounting to 1.4 gigawatts by the end of June. And the company has received orders for a further 550 megawatts of inverter power in the third quarter. The current figure of 1.95 gigawatts represents an increase of nearly 70 per cent compared to the same period last year. By the end of 2017, KACO new energy anticipates an overall result of 2.5 gigawatts.
“KACO new energy has consistently reduced its dependence on the German domestic market in recent years. Instead, we have been able to demonstrate continuous growth on the US market, one of the biggest locations in the world for PV. From there, we have successfully extended our reach to the Caribbean and Mexico in particular. Our current focus is on the Asia-Pacific region: We have gained a foothold in India very quickly, and have just established a presence in Taiwan. After having laid the groundwork, we are about to intensify the activities in Japan also,” says Ralf Hofmann, CEO of KACO new energy GmbH.
“From a global perspective, we are in an extreme growth market, although regionally there are differences and shifts. Against this background, it is very important that, as pioneers in photovoltaics and as a German family business, we are perceived as a stable and reliable partner,” Hofmann continues.
About KACO new energy:
KACO new energy, headquartered in Neckarsulm, Germany is one of the world’s largest manufacturers of inverters for grid-feed solar power. The product line-up covers the full power range, from single units designed for a family home up to complete systems for solar parks producing megawatts of electricity. Since 1999, KACO new energy has supplied inverters with a cumulative power output of 10 gigawatts. This offering has been extended to include solutions for PV self-consumption and energy storage, devices for grid management, as well as products and value-added services for utility-scale projects. KACO new energy is the first company in the photovoltaic industry to achieve CO2-neutral production and in 2014, celebrated the 100th birthday of the original parent company which, at the end of the 1930s, was one of first ever inverter manufacturers. More at www.kaco-newenergy.com