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SMA Group
SMA Expands O&M Business in South America
Atlas Renewable Energy Selects SMA for 180 MW of Projects in Chile



Aug 23, 2017

Today (8/22) SMA announced that it has secured two large-scale operations and maintenance (O&M) contracts in Chile, totaling nearly 180 MW. Under the contracts, Atlas Renewable Energy has chosen SMA to provide plantwide O&M for two utility-scale PV systems. These two projects will complement the standard PV solutions services that SMA has been providing in South America for several years, expanding O&M services to plants with both SMA and non-SMA inverters.

"Our projects in Chile are a key part of SMA's strategic O&M investments globally to provide complete solutions for owners of PV assets. We are pleased to partner with Atlas as a strategic O&M partner in Chile and support its efforts to further develop PV in South America," said Chuck Smith, executive vice president of Service for SMA America. "We are proud to expand our services in South America and to offer plantwide O&M for both utility and commercial projects anywhere on the globe."

One of the O&M sites, Javiera, totaling almost 70 MW, is located in Diego de Almagro, a city in the Atacama region of Chile. The second site is Quilapilun, a 110 MW project located in Santiago.

"We are committed to the continued growth of solar across Latin America, and we need reliable partners to ensure the success of the PV industry here," said Alfredo Solar, General Manager of Atlas Renewable Energy in Chile. "We know that SMA has the experience and reliability necessary to minimize risk, maximize plant life and make sure our PV plants operate smoothly and efficiently. We look forward to partnering with SMA for the long term."

With SMA's comprehensive O&M services, customers can expect the same expertise and bankability that they find with SMA inverters. SMA Service currently has more than 2.5 GW of solar assets under O&M agreements, which are monitored from SMA's NERC compliant Solar Monitoring Centers located in California and Germany.

About SMA

The SMA Group with sales of around 1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA's range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA's multi-award-winning technology is protected by approximately 900 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 currently the only company in the solar industry that is listed in the TecDAX index. www.SMA-America.com

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 the 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.

Media Contacts
Jessica Dumont Jessica.Dumont@SMA-America.com
Brad Dore Brad.Dore@SMA-America.com
SMA America 916 625 0870

For more information :

Organization:
SMA Group
www.SMA-America.com

             

Link http://www.globalrenewablenews.com/detail_news.php?ID=651709
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