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Inverter capacity sold by SMA in Vietnam exceeds 2 gigawatts

Ho Chi Minh City, SMA Solar Technology AG (SMA), a leading global specialist in photovoltaic system technology, has sold more than 2 gigawatts of solar PV technology in Vietnam to date. The German company, with subsidiaries worldwide, has captured a significant market share in the Southeast Asian country and is helping to meet Vietnam’s rapidly growing energy needs with reliable energy solutions for solar power plants of all sizes.

“Vietnam is one of the key markets for SMA in South East Asia. In the last few years, we have seen the strong commitment from the government as well as the growing market demand from large-scale to commercial and residential segments in solar,” said Ting Wang, Head of Sales – China, SEA & IN at SMA. “SMA’s precise range of products and solutions catering to the prime market segments as well as the service network with regional partners’ presence proved to be a vital part in the venture of helping Vietnam to increase the share of renewable energy sources and enable the country to satisfy the growing need for energy. As a result, we are proud to announce that our total sales of solar inverter capacity in Vietnam has passed the milestone of 2 GW accumulatively.”

“We see a steadily increasing interest in photovoltaic systems in Vietnam. Therefore, we are pleased to be able to serve the growing demand together with our partners spread across the country. We offer them a comprehensive range of solutions specifically tailored to the needs and requirements of the Southeast Asian markets,” said Karan Singh, Sales Director for Southeast Asia at SMA.

The importance of solar energy is growing worldwide. At the same time, the confidence of people in Southeast Asia in renewable energies has also increased. With exponential growth in demand and supply over the last few years, Vietnam’s solar PV market evidences what supportive regulatory infrastructure can do to encourage more and more people to opt-in for solar energy. The growth is supported by government subsidy programs and targeted market development. For example, the Feed-in-Tariff (FiT) programs.page1image17979776

About SMA

As a leading global specialist in photovoltaic system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA’s portfolio contains a wide range of efficient PV inverters, holistic system solutions for PV systems of all power classes, intelligent energy management systems and battery-storage solutions as well as complete solutions for PV diesel hybrid applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of around 95 gigawatts have been installed in more than 190 countries worldwide. SMA’s multi-award- winning technology is protected by more than 1,600 patents and utility models. 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 is listed in the SDAX index.

SMA Southeast Asia & India

1101, SIGMA, Technology Street, Hiranandani Business Park, Powai, Mumbai,
India

Press Contact:

Adele Zhang
Marketing Manager
T: +61 2 9491 4200 Marketing@SMA-Australia.com.au

Disclaimer:
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 thepage2image18003072

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.

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