The German market for photovoltaic systems for private homes continues to grow despite all political and bureaucratic hurdles. SOLARWATT reports new sales records. "Both in terms of sales and the volume of photovoltaic modules sold, we have achieved growth rates in the high double-digit percentages for years. In 2019 we sold anywhere from 30 to 70 percent more modules than in the previous year - depending on the product group“, SOLARWATT Managing Director, Detlef Neuhaus, states. The first two months in 2020 were also extremely successful. „We almost doubled sales compared to the same period last year", emphasized Neuhaus.
10 million euro investment in new panel manufacturing facility
This is another reason why SOLARWATT is investing massively in its future. Just now, the go-ahead has been given for an expansion of solar panel production at the headquarter facility in Dresden, Germany. This will be built in immediate vicinity of the current production line, and will double SOLARWATT's production capacity from the current 250 megawatts to 500 megawatts. The European market leader in glass-glass panels will continue to innovate with new technologies by expanding production. "We are investing approximately 10 million euros in the expansion of our panel manufacturing. If everything goes according to plan, we intend to open the new production facility at the end of 2020," explains Detlef Neuhaus.