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[pv magazine] SMA pays €40 million for Chinese inverter comp...
2013-03-18 09:09:34 9076 0
[U.S. Approves 1,100 Megawatts of Renewable Energy Projects]

With the Chinese authorities having approved the transaction, Germany’s SMA Solar Technology AG now officially owns 72.5% of China-based Jiangsu Zeversolar New Energy Co., Ltd.
SMA, the world’s leading photovoltaic inverter manufacturer announced the news today. It added that around €40 million had been paid in cash for the Zeversolar share, and that the transaction has been backdated to January 1, 2013.



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By: Becky Beetz