KACO new energy significantly upgrades its forecast for 2017.
KACO new energy Group, based in Neckarsulm, Germany, has managed to chalk up orders totalling 600 megawatts in the first quarter of 2017. The main reason for this excellent start to the year is the market launch of a new technology driver in the field of inverter technology, the blueplanet 50.0 TL3 INT, which has led to significant growth in the Middle East, Turkey and India.
“We laid the foundation for this strong first quarter back in 2016 with our technology, sales and marketing activities. We were very keen to establish long-term partnerships. The best example of this is the framework contracts that we have put in place both in Asia and in Turkey,” said managing partner Ralf Hofmann. The total order quantity represents double what the company had booked in at the same point in 2016. In light of this, the annual forecast for the group as a whole is now approaching 2.5 gigawatts.
The head office in Neckarsulm is profiting from the continuously increasing demand for string inverters “Made in Germany”. KACO new energy has been able to reap the benefits of this development primarily owing to the blueplanet 50.0 TL3 INT, which the company launched in mid-2016. “Our equipment consistently meets the stringent requirements of European standards in respect of both electromagnetic interference and safety. This protects our customers from costly judicial and economic consequences that would otherwise occur when using considerably cheaper devices from other manufacturers,” managing partner Ralf Hofmann explained.
Nedret Ünlü, General Manager of KACO new energy Turkey, highlighted that: “Here, in the booming photovoltaics market in Turkey, we have been able to achieve a market share of 40 per cent through our strategy of consistent quality together with outstanding service.”
In the USA, the company is focusing primarily on central inverter solutions. Most in demand in this regard is the Integrated Power Station (IPS), which has all the accessories required for utility-scale power plant projects. The IPS is supplied from the factory in San Antonio, Texas.
