SMA announces U.S. manufacturing plan, site selection underway

URLhttps://solarbuildermag.com/inverters/sma-announce
SourceSolar Builder
Date Published12/13/2023
Author NameChris Crowell

Additional Reshoring Information:

Company/Division name SMA Solar Technology AG
Parent companySMA Solar Technology AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Country(ies) from which reshored:Germany
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar energy equipment inverter
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives
Government Incentive dollar amount:Inflation Reduction Act (IRA)
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