In order to optimize the supply of inverters to the growing North American solar market, the SMA Group of Companies (SMA) is planning to open an additional 1-gigawatt capacity production facility in Denver, Colorado.

In the new US production facility for solar inverters, SMA will produce the Sunny Boy, Sunny Central and Sunny Island product lines for the North American market. SMA, the Etkin Johnson Group, the State of Colorado and the City of Denver have signed agreements for the establishment of this largest production facility for solar inverters in the US.

“In the medium term, we expect the US market to become the largest solar market globally,” says Günther Cramer, chief executive officer of SMA Solar Technology AG. “With the new production in Denver, SMA will be able to reduce transportation and interim storage costs as well as currency exchange risks.”

In the near future, SMA will employ a staff of 700 (including temporary employees) in Denver. Production is planned to begin around the middle of 2010. The investment for the new production line and building enhancements is estimated at around 15 million Euros.

"In the medium term, we expect the US market to become the largest solar market globally." -- Günther Cramer, chief executive officer, SMA Solar Technology AG.