Germany’s SMA has bought 72.5% of Jiangsu Zeversolar New Energy, which it describes a leading inverter manufacturer in China.

SMA says: “Over the next few years, China will become the largest photovoltaic market worldwide.

“Up to now, we did not have access to this market due to local particularities. For this reason, our majority shareholding in Zeversolar is strategically highly relevant for us.

“We