The UK Department of Energy and Climate Change has announced that it will remove support for Renewable Obligation Certificates (ROCs) earlier than planned. Large Scale PV plants over 5 MW were originally set to receive ROC subsidies until 2017. However, the deadline to have new systems up and running has been moved to April 1, 2015. System developers and investors face the challenge of meeting the existing requirements for planned PV projects by March 31, 2015; otherwise they will have to apply for support under the new mechanism Contracts for Difference (CFD).
To support its customers in the UK, SMA is offering a complete package, with its scope, delivery schedule and technical advice optimally tailored to the current market dynamics there. In addition to inverters and the proven SMA medium voltage solutions, the system solution now includes a transfer station.
“With our complete package, covering everything from the String-Combiner to the grid connection, we want to ensure that our customers in Great Britain can implement their photovoltaic projects quicker and without any complications. In addition to expanding our system solution to include the grid transfer station, we are also shortening delivery times and supporting project developers and investors with technical advice and a full range of services,” said Boris Wolff, Executive Vice President of the Utility Business Unit at SMA. According to Wolff, SMA plans to add the grid transfer station to the system solution and launch it in additional markets over the medium term.
The SMA Group generated sales of more than €0.9 billion in 2013 and is the global market leader for solar inverters, a key component of all PV plants. As an energy management group, SMA 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 5,000 people worldwide. SMA’s broad product portfolio includes a compatible inverter for every type of module on the market and for all plant sizes. The product range includes both inverters for grid-connected photovoltaic plants as well as off-grid and hybrid system technology. The product portfolio is supplemented by comprehensive services and operational management of utility-scale PV-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.
SMA Solar Technology AG
Head of Corporate Communications:
Tel.: +49 561 9522-2805
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
Investor Relations contact:
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
This press release 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 press release 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.