SMA Solar Technology AG Surpasses 1 GW of O&M Contracts
"We built our plant-wide O&M product on the success of our already top-ranked service portfolio, which has become the gold standard in the solar industry. In the short time since SMA launched O&M services, we've been entrusted with some of the largest PV power plants in the world. Reaching this global milestone of more than 1 GW of O&M signals SMA's investment in this key market and is a clear indicator of the company's leading status as an O&M provider," explained SMA Chief Executive Officer Pierre-Pascal Urbon.
In North America alone, SMA currently maintains Canada's two largest PV systems: the Kingston Solar project and Grand Renewable Solar power plant. Both located in Ontario and powered by SMA Sunny Central inverters, the systems total 140 MW DC and 130 MW DC, respectively.
Last August, SMA expanded its service reach by acquiring Phoenix Solar AG's European O&M business, in which it assumed operational management of established PV plants in Germany, France, Spain and Italy.
SMA's plant-wide O&M provides comprehensive services that increase performance ratios, protect power production and simplify long-term planning. It is available in three plans-Preventative, Proactive and Performance-or individual services that can be integrated in a flexible fashion, resulting in a highly customized O&M solution.
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.
SMA Solar Technology AG
The SMA Group with expected sales of more than €790 million in 2014 is the global market leader for solar inverters, a key component of all PV plants and, as an energy management group, offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries. The Group employs more than 5,000 people worldwide. SMA's broad product portfolio includes a compatible inverter for every type of module on the market and for all PV system sizes. The product range includes system technologies for grid-connected photovoltaic systems as well as off-grid and hybrid systems. The service portfolio is supplemented by comprehensive services and operational management of large-scale PV power plants. 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.
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