KACO new energy can look back on a successful third quarter of 2017: the inverter manufacturer received orders for 550 megawatts in the period from July to September. The cumulative inverter power sold so far this year is 1.95 gigawatts.
KACO new energy is on track to achieve its ambitious targets for 2017. Recently, the German manufacturer announced the best half-year results in the company's history, with orders amounting to 1.4 gigawatts by the end of June. And the company has received orders for a further 550 megawatts of inverter power in the third quarter. The current figure of 1.95 gigawatts represents an increase of nearly 70 per cent compared to the same period last year. By the end of 2017, KACO new energy anticipates an overall result of 2.5 gigawatts.
“KACO new energy has consistently reduced its dependence on the German domestic market in recent years. Instead, we have been able to demonstrate continuous growth on the US market, one of the biggest locations in the world for PV. From there, we have successfully extended our reach to the Caribbean and Mexico in particular. Our current focus is on the Asia-Pacific region: We have gained a foothold in India very quickly, and have just established a presence in Taiwan. After having laid the groundwork, we are about to intensify the activities in Japan also,” says Ralf Hofmann, CEO of KACO new energy GmbH.
“From a global perspective, we are in an extreme growth market, although regionally there are differences and shifts. Against this background, it is very important that, as pioneers in photovoltaics and as a German family business, we are perceived as a stable and reliable partner,” Hofmann continues.