ASP declines across the PV inverter market have continued to impact margins and overall revenue and profits. However, SMA noted that margins had actually increased to 19.4%, up from 16.5% in the prior year period, due to fixed cost reductions and lower cost of sales.

SMA said that the most important foreign markets in the reporting period were North America, Japan, the UK and Australia, while overall international markets accounted for 86.7% of sales.

Pierre-Pascal Urbon, CEO and CFO of SMA Solar, said: “SMA completed the turnaround earlier than expected having already generated positive operating earnings before interest and taxes in the first nine months of the year. We have continued to extend our technology and market leadership pv solar flat roof mounting system in recent months and are the clear global market leader according to a study by IHS. As a photovoltaic systems specialist, the success of our strategy of offering holistic solutions for all attractive photovoltaic markets, all module technologies and all power classes is reflected in even distribution of sales, both in regions and market segments. SMA is in an outstanding position to benefit from the increase in global demandpv solar flat roof mounting system expected in 2016.”

Third quarter 2015 sales were €269.9 million, and an EBIT of €18.3 million.

PV inverter sales in the first nine months of 2015 across residential, commerpv solar flat roof mounting system ial and utility-scale markets increased 6.8%, 28.9% and 56.1%, respectively. Service sales increased to €36 million, up from €29.5 million in the prior year period. pv solar flat roof mounting system

PV manufacturer Zhongli Talesun has become the first of a wave of Chinese firms planning to establish manufacturing operations in Thailand to begin production in the Southeast Asian coupv solar flat roof mounting system ntry.

The company said this week that it had begun the first phase of production at its npv solar flat roof mounting system ew 500MW integrated solar cell and module assembly plant in the Thai-China Industrial Park in Rayong, Thailand, announced in February.

Zhongli Talesun had also previously said that the plant would produce PERC (passivated emitter and rear cell) technology for its new ‘Hipro’ 285W+ modules that were launched at SNEC in May.

Talesun had said that the new PV modules would deploy solar cells with 20.3% conversion efficiencies, providing module conversion efficiencies of 17.55%.

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About Solar First

Solar First is a high-tech enterprise specialized in manufacturing solar PV products. With our professional R & D team, efficient management team and high quality of the workforce, Solar First staffs commit to provide customers with the most stable & reliable, economical & efficient solar PV system solutions.

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