Unable to crack into the booming Chinese PV market on its own, SMA – the world’s largest PV inverter maker – bought Zeversolar in several batches this year, leaving it with a nearly 90% stake in the company.
But SMA today heaped much of the blame for its €30.1m ($40.7m) third-quarter operating loss – compared to a profit of €116m during the same quarter last year – on its loss-making Chinese subsidiary.
