Solar PV inverter maker KACO new energy doubles turnover, expects further growth in 2016

Ralf Hofmann, CEO of the solar PV inverter manufacturer, can now calculate with revenues that have nearly doubled compared to the previous year. The KACO new energy Group moves forward into 2016 with regained strength
Ralf Hofmann, CEO of the solar PV inverter manufacturer, can now calculate with revenues that have nearly doubled compared to the previous year. The KACO new energy Group moves forward into 2016 with regained strength

The KACO new energy Group, headquartered in Neckarsulm, Germany, expects EUR 200 million turnover in 2015. One thing is already clear: the inverter manufacturer has managed to almost double its 2014 turnover, the company emphasizes.

In what is a difficult environment for European PV inverter manufacturers, the KACO new energy Group – made up of its Headquarters in Germany, together with its subsidiaries in South Korea and the USA – has increased its turnover to almost double that of the previous year.

That means that the German PV inverter manufacturer emerges strengthened from the crisis of the European PV market.

KACO new energy is therefore looking optimistically to 2016, in which it is striving to achieve further growth and a turnover of EUR 250 million.

According to the company, the most important reasons for the positive 2015 financial statement can be attributed on the one hand to good growth in the North American and Asian Pacific companies, as well as to stable business with slight growth in the more complex European market on the other hand.

KACO new energy stresses that it nearly tripled its turnover in the United States. This positive business dynamism shows that the KACO new energy re-structuring and further development measures implemented in the course of the 2020 Vision are taking an effective hold.

 

Manufacturing and sales partners in Saudi Arabia, Thailand

Amongst other things these include cooperation with competent manufacturing and sales partners, such as in Saudi Arabia or Thailand, a sophisticated, cost-efficient service strategy, and focused reinforcement of the team in growth markets. These measures are also accompanied by general cost-savings in all company divisions.

 

Production and sales in major global PV regions

The timely decisions to set up production and sales in the three major global PV regions have definitely proven themselves to be right: alongside the German Headquarters in Neckarsulm, conducting business principally in EMEA, facilities in San Antonio, Texas, and Seongnam, South Korea, constitute the pillars of the company’s success these days.

Evidence of this can be seen from the fact that, KACO new energy Asia also succeeded in exporting 15 Powador XP 500-HV TL to the Japanese market, which is difficult to access, in addition to the 25 that it exported to Thailand. These 20 MW, complete with fittings, account for 3 million US dollars turnover in the Asian Pacific region alone.

For 2016 KACO announces new highly-competitive products for the residential, commercial and utility PV sectors, but also integrated solutions based on advanced technological development, including the award-winning Ultraverter system and compact inverters for PV power plants.

Similarly, there is now great demand world-wide for providing residential estates with PV-generated electricity and heating, such as in the demonstration project which was successfully completed in the Baden-Wuerttemberg town of Weinsberg.

“In times of faceless mass-produced goods, our customers worldwide can continue to rely on top ‘Made in Germany’ quality,” KACO CEO Ralf Hofmann emphasizes.

 

2015-11-17 | Courtesy: KACO | solarserver.com © Heindl Server GmbH

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