10.06.2015
SMA Solar Technology AG DE000A0DJ6J9
DGAP-News: SMA Solar Technology AG and Siemens Embark on Partnership in the Field of
DGAP-News: SMA Solar Technology AG / Key word(s): Alliance
SMA Solar Technology AG and Siemens Embark on Partnership in the Field
of
10.06.2015 / 08:00
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SMA Solar Technology AG - Corporate News
SMA Solar Technology AG and Siemens Embark on Partnership in the Field of
Large-Scale PV Power Plants
Niestetal/Munich, June 10, 2015-SMA Solar Technology AG (SMA) and Siemens
agreed upon a cooperation in the field of decentralized large-scale PV
power plants. Both companies are thereby strengthening their positions in
the growth market for large-scale PV power plants. SMA is contributing
state-of-the-art solar inverter solutions and many years of experience in
designing complex systems, while Siemens is contributing transformers and
switchgear for the high-voltage and medium-voltage range, including grid
connection. In the international competition, the partners will provide
their customers with all-around coordinated system solutions and services
from a single source-from the DC side to grid connection.
"Cooperating with our partner Siemens will mean that we are even better
placed to compete in large-scale tender projects. Our experience and
technologies complement each other perfectly. SMA has the technical
expertise to equip the largest and most technically challenging solar
projects worldwide with innovative system technology. Siemens comes with
first-rate experience in connecting large-scale power plants to utility
grids, including state-of-the-art medium- and high-voltage technology. As
specialists in our respective areas, we will be able to offer our customers
a range of individually customized complete solutions that is unique in the
industry, comprising overall system design and system technology as well as
grid connection and services," explained SMA Chief Executive Officer and
Chief Financial Officer Pierre-Pascal Urbon.
"By partnering with SMA, Siemens will be able to benefit more than before
from the photovoltaic growth market. By taking mutual advantage of our
global sales and service networks, both companies will increase their
market coverage in real terms. Coordinated project management and joint
technological developments will ensure that our customers worldwide will be
able to rapidly realize large-scale PV projects with maximum overall
efficiency and a high return on investment," said Ralf Christian, CEO
Siemens Division Energy Management.
SMA and Siemens will work either as separate project partners or as a
consortium for technology and services in all areas of electrical
engineering to best meet customer requirements. The portfolio of services
ranges from planning and commissioning to maintenance of complex
large-scale projects in the megawatt range. The high overall efficiency of
the systems and the speed of implementation will also see customers save
significantly on system costs, time and effort when it comes to
implementing their large-scale projects.
The first product to come from the partnership is a new type of container
solution that combines a 2.5 MW central inverter from SMA with a
medium-voltage transformer and medium-voltage switchgear from Siemens as a
turnkey solution in a standard container. SMA will be presenting the system
solution at Intersolar Europe in Munich for the first time until June 13
(booth B2.210). The SMA Medium Voltage Power Station 2200SC/2500SC for
direct voltages of 1,000/1,500 V can be used in large-scale and extremely
large-scale PV power plants worldwide, is suitable for outdoor installation
in all ambient conditions, and thanks to its power density and compact
design, which are unique on the market, it helps to reduce transportation,
installation and operating costs.
Background information on the cooperation is available at
http://www.sma.de/en/investor-relations/publications/presentations.html.
About SMA
The SMA Group with sales of more than EUR800 million in 2014 is the global
market leader for solar inverters, a key component of all PV plants and
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 4,500 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 repeatedly awarded
product range includes system technologies for grid-connected photovoltaic
systems as well as off-grid and hybrid systems. The technology is protected
by more than 550 patents. The range of services 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.
About Siemens
Siemens AG (Berlin and Munich) is a global technology powerhouse that has
stood for engineering excellence, innovation, quality, reliability and
internationality for more than 165 years. The company is active in more
than 200 countries, focusing on the areas of electrification, automation
and digitalization. One of the world's largest producers of
energy-efficient, resource-saving technologies, Siemens is No. 1 in
offshore wind turbine construction, a leading supplier of combined cycle
turbines for power generation, a major provider of power transmission
solutions and a pioneer in infrastructure solutions as well as automation,
drive and software solutions for industry. The company is also a leading
provider of medical imaging equipment - such as computed tomography and
magnetic resonance imaging systems - and a leader in laboratory diagnostics
as well as clinical IT. In fiscal 2014, which ended on September 30, 2014,
Siemens generated revenue from continuing operations of EUR71.9 billion and
net income of EUR5.5 billion. At the end of September 2014, the company had
around 343,000 employees worldwide on a continuing basis. Further
information is available on the Internet at www.siemens.com.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Tel.: +49 561 9522-2805
[email protected]
Press Contact:
Susanne Henkel
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
[email protected]
Investor Relations Contact:
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
[email protected]
Press Contact Siemens:
Heiko Jahr
Tel. +49 9131 7 295 75
[email protected]
Disclaimer:
This corporate news 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 corporate news 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.
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: [email protected]
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News-Service
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