November 7, 2017 / 2:23 PM / 4 months ago

Siemens to end cooperation with solar inverter maker SMA

FRANKFURT (Reuters) - Germany’s Siemens said on Tuesday it would end a cooperation with SMA Solar at the end of the year and build its own solar inverters in India.

A logo of Siemens is pictured on a building in Mexico City, Mexico, May 16, 2017. REUTERS/Edgard Garrido/File Photo

It said it would present its new portfolio at the Intersolar India trade show in early December.

SMA and Siemens teamed up in 2015 to equip utility-scale solar parks with technology to link them to power grids in an effort to benefit from rising global demand for photovoltaics.

Reporting by Maria Sheahan; Editing by Tom Sims

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