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SMA Solar CEO says inverter price decline has not accelerated
May 31, 2017 / 11:18 AM / 6 months ago

SMA Solar CEO says inverter price decline has not accelerated

FRANKFURT/DUESSELDORF, May 31 (Reuters) - SMA Solar , Germany’s largest solar group, saw prices for inverters decline in line with its expectations so far this year, its CEO said, adding business in May was good and supported its full-year outlook for sales and profits.

“I don’t see that the price drop is accelerating,” Pierre-Pascal Urbon told Reuters in an interview on Wednesday.

SMA earlier this year warned that prices for solar inverters -- needed to feed solar power into the grid -- would continue to fall in 2017 after falling by an average of 10 percent per year since 2010. (Reporting by Christoph Steitz and Anneli Palmen; Editing by Maria Sheahan)

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