Cost reductions and global expansion critical to SMA Solar's future
Englewood CO (SPX) Mar 31, 2014 - SMA's full year financial results have enforced IHS' previous predictions of a major decline in the European PV inverter market. IHS estimates that PV installations in Europe declined by 37% in 2013. This slump in demand ignited a severely competitive price war which led to European PV inverter market revenues declining by a huge 46% to $2.1 billion. Europe accounted for 33% of the global invert ... more
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