SOLARWATT, the leading German manufacturer of complete photovoltaic systems, closed the first quarter with the strongest result in company history. From January to March 2020, the company increased sales by 60 percent compared to the same period last year. Incoming orders in the first quarter of the year increased by more than 140 percent year-on-year. The company further expanded its double-digit market share for solar panels.
Some hope in times of Corona
For SOLARWATT Managing Director, Detlef Neuhaus, the figures are a positive signal for the market and indicate stability at a time of disruption. “Despite all the difficulties from the spread of Covid-19 we were able to close the first quarter well above our expectations – thanks especially to the great commitment and flexibility of all our employees,” he explains. “We are in a very positive position and well equipped for the future.”
Pivotal time for photovoltaics industry
Even if the photovoltaic industry has not been completely upended by the Corona crisis to date, it is threatened by the German government’s climate policy course. Instead of supporting this industry as a pillar of economic stability, politicians are postponing essential decisions and putting an entire sector under pressure. One example of this is the looming 52-gigawatt solar cap. But issues such as the Barometer reports and the symmetrical market premium model also play a role.
“I can only continue to urge the government not to put off already agreed upon climate protection measures indefinitely, even in Corona times. Right now it would be a crucial signal of support for an industry which employs 100,000 people. We’re not asking for any rescue packages from the politicians, only for promises to be kept,” Detlef Neuhaus said.
High demand and extra manufacturing shifts
However, there are currently no signs of a slump in demand for SOLARWATT in Germany due to the Corona crisis. Customers continue to pursue their goal of greater energy self-sufficiency and generating their own electricity from renewable energies. In the past few weeks the manufacturing facility in Dresden has run additional shifts to ensure this increased demand will be satisfied.
SOLARWATT GmbH, founded in 1993 and operating worldwide, is the leading German manufacturer of photovoltaic systems. The company is the European market leader in glass-glass solar panels and is one of the largest suppliers of solar power batteries. For 25 years now, the SOLARWATT brand has stood for premium quality made in Germany. International global players such as BMW i, Bosch, and E.ON cooperate with the mid-sized company, which employs around 380 people worldwide. Further information: www.solarwatt.com
Peter Curtain, Allerton Communications
Telephone: +20 3633 1730