Major PV inverter manufacturer SMA Solar Technology has sold more than 1GW of solar inverters in India during 2017 and has now exceeded 3GW of cumulative sales in the country.

The firm’s sales in the commercial segment have already doubled compared to last year and it now has a 30% market share in this segment. The company also claims to have a 20% market share in the utility-scale segment in india.

“India is one of the key markets for SMA in Asia Pacific. In the last three years, we see the strong commitment from the Indian government as well as the growing market demand in the solar sector,” said John Susa, executive vice president of SMA Sales North America/APAC.

“We are very happy to see that our business growth not only comes from central inverters for utility-scale PV power plants but also from string inverters for the growing commercial segment,” said Rakesh Khanna, managing director of SMA India.

SMA opened its sales and service subsidiary in India in 2010. 

Read the full story here…