While
still facing numerous challenges, as competition remains fierce in the inverter
segment, SMA continues to rack up milestones on the back of its long-standing
position in the market. The company announced today that it has supplied 1 GW of
installations in Thailand, which it says is the fourth largest market in the
APAC region.
Thailand’s
PV market has seen some disturbance due to political upheavals and financial
uncertainty, however solar's competitive advantage in supplying the country with
affordable and clean power solutions on a distributed basis has resulted in a
significant solar market for over a decade. Indicative of this, Thailand has
supported large scale PV rollout through a
number of support programs for both large scale and rooftop solar arrays.
The
country’s National Energy Policy
Council initiated up to 800 MW of projects under the Government Agencies and
Agricultural Cooperative solar farm program in July 2013. The program will
license projects up to 5 MW in size, which will receive a FIT of 5.66 Baht/kWh
(US$0.16/kWh). Applications for the program close at the end of the year.
“2015
has been a successful year for solar farm projects in Thailand and with the Government Agencies and
Agricultural Cooperative solar farm program as well as emerging residential and
commercial markets SMA expects to see further growth in this region,” said
Country Manager Suntisuk Mathinapitak. SMA opened its Thai subsidiary in
2011.
Marthinapitak
added that SMA has built a reputation in Thailand based on
leading and robust technology and local service.
SMA upgraded its earnings outlook for 2015 last
month, as it continues to cut costs, particularly in its operations in Germany.
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