Famous American manufacturer of
photovoltaic inverters SatconTechnology announced that in view of the company
to focus on large-scale, utility-scale solar photovoltaic power generation
projects, will close one of Canada
's solar photovoltaic power plant for the production of small inverter
manufacturer . Satcon in a statement said the move will result in 140 job
losses , accounting for about 35% of the total number .
Satcon CEO
SteveRhoades said the company is out of Solstice small photovoltaic inverterproduction line , because the production of this type of photovoltaic inverter
is too expensive , no profit can be transferred . "This technology is
really not the time , because the whole industry chain in the price , but other
solutions we still occupy a large market share ."
Rhoades expects PV inverter with charger prices will gradually stabilize , the market demand will also rise
over last year , especially in the United States
and Asia . With Solstice production lines
eliminated, margins will improve , but did not give specific targets. Next the
company's focus is the United States
, Canada , China and India markets large-scale solar
power projects.
The data compiled
by Bloomberg show , Satcon's third- quarter gross profit margin was 11.8% ,
down 26.9% over the previous year by 15.1% .
Affected by the
shut down production lines , Satcon fourth quarter write-down $ 2.8 million to
$ 3 million . Once the reorganization is complete projected annual savings of $
15 million for the company to $ 17 million .
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