06/09/10

SMA Solar Technology AG signs purchase agreement for a property at new commercial area Sandershaeuser Berg in Niestetal, Germany


On June 7, 2010, SMA Solar Technology AG (SMA) and the municipality of Niestetal, Germany, signed a purchase agreement for a 20-hectare (approx. 50 acres) property at the newly developed commercial area of Sandershaeuser Berg. At this commercial area, which is located east of Autobahn A 7, SMA is planning to gradually expand its facilities over the next few years.


The expansion of its facilities at Sandershaeuser Berg is another important step for SMA in enhancing its production. Against the background of an increased demand for solar inverters, the company doubled its maximum annual manufacturing capacity over the past few months to around 11 gigawatt through the use of short-term interim solutions in the commercial area Kassel-Waldau. However, as a result of the current global delivery bottleneck in the supply of electronic components, SMA is able to use these capacities only partly at present.

The planned expansion at Sandershaeuser Berg is to replace these interim solutions by 2012. Construction of the facilities at this location will be carried out in several stages. Initially, a service center and central warehouse will be built; manufacturing modules will be added later. In this process, SMA will also increase its productivity by once again optimizing its manufacturing processes as well as directly integrating its components warehouse into the manufacturing process for the first time. In addition, Sandershaeuser Berg also offers room for the company to further expand its manufacturing facilities if necessary, which will completely eliminate the need for interim solutions in the future.

A sustainable energy concept is a significant component of SMA’s building plans at Sandershaeuser Berg. This concept includes the highest possible reduction of energy, highly energy-efficient buildings and manufacturing processes, and the use of electricity from renewable sources. Plans have also been made to apply this sustainable energy concept to the entire commercial area at a later time.

“Due to its size, the commercial area Sandershaeuser Berg offers our company the perfect conditions for the gradual expansion of our facilities, and also allows us to be highly flexible when increasing our production. In addition, our collaboration with the local authorities in Niestetal has been very good,” explains Günther Cramer, CEO of SMA Solar Technology AG. “This is why the Sandershaeuser Berg location represents clear growth prospects for SMA in North Hesse in the coming years.”

The company will already begin construction at Sandershaeuser Berg this summer, and currently plans to invest a total of approximately € 125 million in the project.

About SMA
The SMA Group generated sales of c. 934 million Euro in 2009 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany, and is represented on four continents by 13 foreign subsidiaries. The Group employs a staff of over 4,500 (incl. temporary workers). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. Since 2008, the Group’s parent company SMA Solar Technology AG has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Press contact:

Volker Wasgindt
Head of Press Relations and Public Affairs
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de

Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de

Julia Damm (Private Investors)
Phone +49 561 9522-11 64

Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the executive board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Contact

Adele Zhang

Marketing Manager

T: +61 2 9491 4200

Marketing@SMA-Australia.com.au